Europe's biggest regional airline Flybe has announced a turnaround plan to save the loss-making business and return to profitability, resulting in a total of nearly 300 job redundancies in the UK.
Following the news, Flybe shares lost more than 5 percent and are trading at 47 pence at 10.22 am.
The first stage of restructuring involves nearly 10 percent reduction in the UK-based staff, including Isle of Man and Channel Islands. The restructuring will see... (Continue Reading)
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