Air Canada cuts 400 management positions, or 1% of workforce

[MONTREAL] Air Canada said on Thursday it cut about 400 management positions, representing about 1 per cent of its workforce, after the country’s largest airline faced a four-day strike earlier this year by flight attendants that grounded planes.

The carrier, which reports earnings on Nov 5, said in September it expects a lower adjusted core profit and withdrew its forecast due to the strike. REUTERS