PARIS, June 24 (Xinhua) -- The Air France company is set to lay off 4,391 jobs by March 2013, but not in a compulsory way, French business daily La Tribune reported on Thursday.
Based on a work committee report of the company, the newspaper detailed that the job reduction would took place in three phases, 2,436 in 2010-2011, 834 in 2011-2012 and then 1,121 in 2012-2013.
The change in employment till 2013 March will represent a job reduction of 16.3 percent from the number of employees in March 2008 before the economic crisis, the report said.
The French carrier plans to shed off 9,321 jobs over five years, mainly through methods of freezing hiring, non-replacement of retiring, and the voluntary departure plan, the French newspaper said.
The Air France-KLM joint venture suffered a net loss of 1.56 billion euros (1.92 billion U.S. dollars) during the year 2009- 2010, after a loss of 811 million euros (1.002 billion U.S. dollars) in 2008-09. It was a record loss since the founding of this leading European carrier in 2004, after the reconciliation of the French and Dutch companies.