Air France cuts 465 jobs, shrinks domestic services

PARIS (Reuters) - Air France will cut 465 ground staff jobs from its domestic services as it reduces short-haul capacity under competitive pressure from low-cost rivals and high-speed trains, parent company Air France-KLM said on Monday.

The job cuts, which were widely expected, will be carried out through a voluntary departure program as the French airline reduces its domestic flights by 15 percent over the next two years, the Franco-Dutch group said in a statement.

(Reporting by Laurence Frost; Editing by Sudip Kar-Gupta)

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