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| Flybe plans 300 job cuts in revamp programme | Flybe plans 300 job cuts in revamp programme |
| (about 1 hour later) | |
| Regional airline Flybe has said it is planning to cut about 300 jobs as part of a programme to return the carrier to profitability in 2013-14. | Regional airline Flybe has said it is planning to cut about 300 jobs as part of a programme to return the carrier to profitability in 2013-14. |
| The Exeter-based airline said the cuts would lower UK staff numbers by 10%, reducing costs by £35m. | |
| Flybe said it did not expect "significant" changes to the number of its UK bases or route network, but said it would be reviewing its network. | |
| The airline reported a loss of £1.3m in the six months to 30 September. | |
| That compared with a profit of £14.3m a year earlier. | |
| Under the turnaround plan, the company said it would reorganise itself into two divisions. | |
| Flybe UK will cover all UK-based scheduled flight services, while Flybe Outsourcing Solutions will cover all outsourced services such as contract flying and training. | |
| The job losses will be seen in the Flybe UK business. The airline said consultation with affected staff and their trade unions would start immediately. | |
| "I am extremely disappointed that many valued and hard-working colleagues may have to leave the organisation," said Flybe chairman and chief executive Jim French. | |
| "We will make every effort to minimise the impact and to offer support wherever possible in the transition." |