Air France is about to annouce major layoffs. The company's management has been engaged in contentious negotiations with pilots over the airline's restructuring plans. The talks have failed. One union official says almost 3,000 jobs could be cut.
The German engineering giant is expecting bumper profits in the wake of a massive restructuring that will also cut thousands of jobs. But Siemens believes a new, leaner structure is vital for long-term growth.
CEO John Cryan has signalled that Germany's biggest lender will need to cut more of its 97,000-strong workforce. He sees artificial intelligence replacing many of the bank's back office roles.
German flag carrier Lufthansa has confirmed it wants to buy parts of stricken Italian airline Alitalia. But the offer would entail drastic job losses. Too drastic for the government in Rome to even consider?
A flight from Paris to Los Angeles was forced into an emergency landing in Canada after one of the engines sustained "serious damage." It's the second time this kind of incident has occurred on an Airbus A380.
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