Gol Plans to Cut Twice as Many Jobs by Year-End, CFO Says

Gol Linhas Aereas Inteligentes SA, Brazil’s second-largest airline, will cut 2,500 jobs to restore profitability, twice as many as it had planned last month, Chief Financial Officer Leonardo Pereira said.

The Sao Paulo-based carrier is firing workers and won’t replace those leaving the company, Pereira said in an interview today at Bloomberg’s headquarters in New York. The company said as recently as May it would trim about 1,200 positions from a workforce of about 20,500. Gol expects to end 2012 with 138 planes, down from 150 to start the year.