Jul 21st, 2009 - Wall Street Journal
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Continental Airlines Inc.'s second-quarter loss widened on charges and a continuing drop-off in business travel/ The airline also said it would cut 1,700 jobs in a move to reduce costs.
The job cuts, which represent about 4.2% of the company's work force, will include management and clerical positions and are in addition to its previously announced reduction of 500 reservation-agent positions. The company has also in recent months offered leaves of absence to 700 flight attendants.
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