Canada's Jazz Air Lays Off 270
Posted on: Thursday, 3 July 2008, 09:00 CDT
Canada's second largest airline, Jazz Air, announced a layoff of 270 employees Thursday directly linked to soaring fuel prices.
In a release from its head office in Halifax, Nova Scotia, the carrier said its principal customer, Air Canada, was cutting back domestic and international travel based on fuel prices, so Jazz had no choice but to follow suit.
These are difficult times for our industry and the decision to reduce our workforce was not reached lightly. It is with sadness that we'll see some of our employees leave our company, said Jazz President Joseph Randell. Every effort is being made to mitigate these job losses, and we hope this downturn in our industry's cycle ends soon.
Air Canada announced June 17 it would trim domestic services by 2 percent in the fourth quarter along with a 13 percent cut in international flights.
Crude oil prices broke the $145 mark Thursday morning on the New York Mercantile Exchange.
Source: United Press International
Related Articles
- Canada's CPI nudges up in April
- Canadian airlines devise bill of rights
- Canadian consumer prices rise in January
- Cleveland-Cliffs Announces Three Supply Agreements Signed at World Pellet Prices From Its North American Iron Ore Segment
- Praxair Distribution Announces Price Increases Effective September 1, 2008
- Regulator Orders Airlines to Drop Extra Charges for Disabled Passengers
- Air Passenger Behaviour Could Be Next Clue for Anti-Terrorist Screeners
- 7 Britons Escape Canada Air Crash
- Two pilots die as biplanes crash at Canada air show
- Senate Allows Drug Imports From Canada
 |
 |
User Comments (0)
RSS Feeds