OSLO (Reuters) - Finland's national carrier Finnair said on Monday it will cut around 150 jobs, of which 90 are in its home country, as part of a plan to return to profitability.
A triple blow from the COVID-19 pandemic, Russian airspace closure and high fuel prices has taken its toll on the airline, which announced a new strategy in September in order to turn around its business.
Finnair had originally said it could cut around 200 of its approximately 5,300 positions worldwide.
"I'm deeply sorry that we must take these difficult but necessary measures in our quest to restore our profitability," Chief Executive Topi Manner said in a statement.