Czech Airlines warns of lay-offs


Czech state-controlled carrier, Czech Airlines, has said that it is preparing to lay-off up to 200 workers in a bid to cut costs. The move has been notified to the local employment office. The step comes amid moves by the airline’s management to win union agreement for a cut in wages to relieve the downturn in airline earnings caused by the global economic crisis. Management are seeking to shave around 300 billion crowns from the annual wage bill. Unions are angered that the management seem to be seeking permanent wage cuts without a return to their original level when the crisis eases.