Air France-KLM boss resigns over labor dispute
Air France-KLM Chief Executive Officer (CEO) Jean-Marc Janaillac has offered to resign after employees rejected a pay raise.
The 65-year-old CEO announced his resignation on Friday, making good on an earlier promise to step down if he failed to end the weeks-long strikes.
Staff and management at the flagship carrier have been locked in a wage dispute since February.
"I accept the consequences," said Janaillac after 55.44 percent of Air France workers voted against seven percent over a four-year pay raise.
Janaillac described the workers' decision as a "huge waste" of resources after revealing last month that the industrial action cost Air France 25 million euros per day.
The decision came as workers began a fresh round of intermittent strikes Friday, prompting the cancellation of a quarter of flights on average.
"Air France was on the road to success. I regret that that dynamic was not understood (by workers)," he said.
Unions argued the raise was too little after years of restructuring during which pay was frozen, and demanded a 5.1-percent raise this year instead.
The move coincided with Air France-KLM's release of first-quarter earnings, which showed a net loss of 269 million euros ($322 million), weighed down by three days of strikes which cost about 25 million euros per day according to the company.
The industrial action by Air France personnel comes amid persisting rolling strikes by rail workers at state-owned SNCF railways, as well as protests by students, public servants, energy workers, and garbage collectors.
‘Arab Nelson Mandela’ released after 40 years in France
Israeli fans clash with French supporters at Paris football match
Protests held in Paris against pro-Israel gala organized by far-right figures
Jordan sentences former lawmaker for supporting Palestinian resistance
Basij volunteer forces hold massive drills in southwestern Iran
Israeli war criminals 'not welcome', US city says after ICC ruling
US vetoing of Gaza ceasefire resolution ‘disgraceful’: Iran’s UN envoy
VIDEO | IAEA adopts anti-Iran resolution tabled by E3
VIDEO | Iran's president urges Pope to help end Israel's onslaught in Gaza
Iran's senior legal official: ICC arrest warrant for Netanyahu ‘great victory'
Nov. 21: ‘Axis of Resistance’ operations against Israeli occupation
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
