Japan Airlines is to cut 15,700 jobs, or a third of its workforce, under a radical restructuring plan it will announce as part of an expected bankruptcy filing today.
People close to the situation said Asia's largest carrier by revenues would also announce that it would sell or close half the group's subsidiaries, of which there are almost 100, in a move aimed at raising cash and cutting operating costs by 25 per cent.
The measures are aimed at returning the troubled Japanese flag carrier to profit in the financial year to the end of March 2012.
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