November 27, 2011
The recovery plan for Air France will be in two phases and its first phase in January or February, will include measures to increase savings in order to preserve cash, writes La Tribune to be published Monday.
The second part of the plan will be announced in May or June and will aim to increase employee productivity and quality of service, the newspaper said.
The Air France-KLM announced a savings plan for the first quarter 2012, when publishing its quarterly results in early November.
The group had announced on this occasion it would have lost the whole of 2011.
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