STXNEWS LATAM-Brazil's Gol aims to cut 2,500 jobs this year

Tue Jun 26, 2012 6:57pm EDT

Brazil's No.2 airline, Gol Linhas Aereas plans to reduce its workforce by 2,500 employees this year through layoffs, hiring freezes and natural turnover at the company, according to a press statement released on Tuesday.

Gol has already cut about 1,000 jobs so far this year in an effort to scale back operations and restore profitability after losing 710 million reais ($342 million) in 2011.