Crisis of the Week: Labor Strife Sends Air France CEO Packing - News Summed Up

Crisis of the Week: Labor Strife Sends Air France CEO Packing


Mr. Janaillac was brought in to run the airline group, including Air France and KLM, less than two years ago. [Mr. Janaillac] “will convene meetings with the Air France-KLM and Air France Boards of Directors on 9 May and will submit his resignation,” the airline said. “Air France would fare better if they offered facts on profits and losses, the actual wage increases being requested, the cost of those increases to the carrier and all other downstream financial consequences. Importantly, Air France needs to do a better job explaining why it is that it cannot afford to pay those increased wages and costs. Yet, prior to his resignation, Mr. Janaillac was successful in improving the company’s operations, finances and competitive position.


Source: Wall Street Journal May 16, 2018 18:54 UTC


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