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Last Updated: Wednesday, 10 January 2007, 07:45 GMT
Japan Airlines 'mulls job cuts'
Japan Airlines plane
JAL has been struggling against tough competition
Japan Airlines (JAL) is considering cutting 3,000 jobs in a bid to revive its operations, a report has said.

Japan's Mainichi newspaper said the possible 6% reduction in the troubled airline's workforce could be implemented over the next three years.

The news led to shares in JAL rising by 3.1% on the Tokyo Stock Exchange.

JAL, which has been hit by the high cost of fuel and safety setbacks, reported an annual net loss of 47bn yen ($390m, 201m) last year.

The carrier, which is Asia's biggest airline by revenue - but only the region's sixth largest by market value - has been struggling against stiff competition from domestic rival All Nippon Airways.

The paper said JAL is considering cutting more than 1,000 staff in the coming financial year beginning in April through an early retirement scheme.

The airline is also thought to be planning the sale of up to 15 subsidiary firms as part of its restructuring plans.


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