I've just learned today from somebody who normaly knows what he's talking about that Swiss EVP Human resources Kurt renggli asked the management to cut another 300 to 350 jobs until year's end, otherweise Swiss would be under budget in 2004.
The bad news: More people sacked. The good news: Swiss could survive.
About the 150 managers already planed to leave the company until the end of this year, the same person also said the Board of director (which met yesterday) refused to have so many sacked.
Comment of my deep throat: they were too many former Swissair people among them!
Good gracious… Looking at their past experience, that's no good for Swiss if they stay.