Japan airlines to reduce staffing cost by culling 4,300 jobs

Japan Airlines Corp announced plans to cut 4,300 jobs over three years as part of a revival plan aimed at returning the carrier to steady profits in the face of high oil prices and sluggish demand. The recent announcement is schedule to implement by 2010, aim to cut staffing costs by 50bn yen. The announcement comes as Japan Airlines reported a net loss of $89.7million in the latest quarter. Airlines also suffered a huge net loss of $393 million in the fiscal year. Japan’s No. 1 airlines is struggling to regain customer confidence after a spate of safety lapses in recent years have prompted passengers to opt for rival All Nippon Airways. High oil prices and sluggish demand have been blamed for the loss, which was almost identical to the same period in 2005 when Airline reportedly lost an 11 billion yen.