Austrian Airlines states that it is repositioning itself in response to the glut of low-cost airlines at Vienna Airport, which may result in a loss-making situation due to the cheap flight offerings in Vienna. The company aims to reduce in-house costs by €90 million annually starting in 2021 via efficiency and productivity improvements. Some 700-800 jobs will likely be impacted by the “PE20” program. A large number of these job cutbacks will be absorbed via staff fluctuation. The long-term objective of the airline is to modernise its fleet and then once again return to a strong growth path. “We have
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