Norse Atlantic Airways, a Norwegian low-cost long-haul airline, will cut staff and downsize its offices to reduce costs.
The airline will cut about 75 employees, equivalent to 35% of its administrative staff, and integrate some office functions. The headquarters will be relocated from Arendal to Oslo in Norway.
In addition, through temporary furloughs for cabin and flight crew, temporary salary reductions, a more flexible base structure, and simplified contracts, the company expects to save 50 million US dollars annually.
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