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Air France Reports Over $360Mln in Losses Amid Ongoing Strikes

PARIS (Sputnik) - The ongoing strikes of the Air France airline workers, which started in late February, have caused the company to lose more than 300 million euros (over $360 million), according to the Air France's statement issued Tuesday.
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"Since February 22, Air France has faced 11 days of strikes, during which the staff demanded [an increase in] salaries. The whole financial damage is estimated at more than 300 million euros," the statement said.

The Air France employees have long been demanding a pay raise of 6 percent as inflation compensation.

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On April 16, the airline's management proposed a multi-year contract to the company's employees, which envisages a 7-percent increase in salary over the course of four years, as well as an individual increase. However, this agreement had failed to get enough signatures, the statement read.

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Negotiations on this proposal are to take place from April 26 until May 4, when results of employee voting will be made public.

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