Argentina's Aerolineas Argentinas Enacts Major Cuts in Staff and Services Ahead of Potential Sale - PRESS AI WORLD
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Argentina's Aerolineas Argentinas Enacts Major Cuts in Staff and Services Ahead of Potential Sale

share-iconFriday, January 03 comment-icon2 weeks ago 7 views
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reutersREUTERS
Argentina's Aerolineas Argentinas Enacts Major Cuts in Staff and Services Ahead of Potential Sale

Credited from: REUTERS

  • Aerolineas Argentinas is reducing its workforce by 13%, cutting routes, and eliminating passenger snacks in anticipation of a possible sale.
  • These measures aim to ease the airline's financial burden on the state and attract private investment as President Javier Milei implements pro-market reforms.
  • The airline recently turned a profit for the first time in seven years, demonstrating improved performance despite widespread cutbacks.
  • While Milei pushes for privatization, unions and political opponents have protested, causing disruptions in air travel across the country.
  • Negotiations with potential buyers, including Abra Group, are ongoing, but the airline's future remains uncertain amid labor disputes and government policies.

For more information, visit the original article here.

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