KLM Slashes 500 Jobs: KLM Royal Dutch...
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From Times Staff and Wire Reports
KLM Slashes 500 Jobs: KLM Royal Dutch Airlines said it will lay off 500 employees in the Netherlands and warned that rising jet fuel prices and a weak dollar, on which KLM’s international ticket sales are based, could wipe out profits this fiscal year. KLM also may reduce its foreign network as part of a $231-million, three-year cost-cutting plan, said spokesman Hugo Baas.
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