{"id":699,"date":"2009-08-27T17:52:36","date_gmt":"2009-08-27T14:52:36","guid":{"rendered":"http:\/\/www.turizmtatilseyahat.com\/en\/?p=699"},"modified":"2009-08-27T17:53:22","modified_gmt":"2009-08-27T14:53:22","slug":"philippine-airlines-to-cut-workers-after-big-loss","status":"publish","type":"post","link":"https:\/\/www.turizmtatilseyahat.com\/en\/philippine-airlines-to-cut-workers-after-big-loss\/","title":{"rendered":"Philippine Airlines to cut workers after big loss"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.turizmtatilseyahat.com\/en\/wp-content\/uploads\/2009\/08\/philippine_airlines.jpg\"><img decoding=\"async\" class=\"alignleft size-thumbnail wp-image-701\" title=\"Philippine Airlines to cut workers after big loss\" src=\"http:\/\/www.turizmtatilseyahat.com\/en\/wp-content\/uploads\/2009\/08\/philippine_airlines-280x220.jpg\" alt=\"Philippine Airlines to cut workers after big loss\" width=\"280\" height=\"220\" \/><\/a>National carrier Philippine Airlines said Thursday it will cut its work force by offering early retirement as a cost-cutting measure after suffering more than $301 million in losses.<\/strong><\/p>\n<p>&#8220;We want to make PAL lean and mean so it will be agile and flexible enough to adapt to the new economic climate,&#8221; company president Jaime J. Bautista said in a statement.<\/p>\n<p>He said the airline industry has been one of the hardest hit by the global recession.<\/p>\n<p>The statement said the company will take &#8220;decisive steps&#8221; to restructure after last month reporting losses of $301.4 million for its fiscal year ended March 2009. It had net profit of $30.6 million in the previous year.<\/p>\n<p>The airline did not specify how many of its 8,000-plus employees would be offered early retirement.<\/p>\n<p>The company&#8217;s revenue increased to $1.634 billion in the last fiscal year from $1.504 billion in the previous year due to a 17 percent increase in passengers, but it was overwhelmed by increased maintenance costs and record-high fuel prices that raised expenses to $1.9 billion. Fuel accounts for 44 percent of the airline&#8217;s operating costs.<\/p>\n<!-- Either there are no banners, they are disabled or none qualified for this location! -->\n","protected":false},"excerpt":{"rendered":"<p>National carrier Philippine Airlines said Thursday it will cut its work force by offering early retirement as a cost-cutting measure after suffering more than $301 million in losses.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[137],"tags":[],"class_list":["post-699","post","type-post","status-publish","format-standard","hentry","category-sectoral"],"_links":{"self":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/comments?post=699"}],"version-history":[{"count":0,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/posts\/699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/media?parent=699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/categories?post=699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turizmtatilseyahat.com\/en\/wp-json\/wp\/v2\/tags?post=699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}