JAL to cut 16,500 jobs

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JAL-Japan Airlines (Japan Airlines Corporation) (Tokyo) plans to reduce its workforce by a third within the fiscal year to lower labor costs by 81.7 billion yen a year, the Nikkei business daily said. This amounts to 16,500 jobs being cut.

Read the full report from Reuters:

http://finance.yahoo.com/news/JAL-to-cut-16500-rb-675891081.html?x=0&.v=3