LATAM Airlines to lay off 1,200 Brazilian employees - report

SAO PAULO (Reuters) - Chilean airline LATAM lay off some 1,200 airport-based employees in Brazil and replace them with workers from a services company in an apparent cost-cutting measure, according to a report in O Estado de S. Paulo on Wednesday. LATAM confirmed there would be redundancies but would not give an exact number. "The company has adopted measures so the change will have the least impact possible on workers," the airline said in a statement. "Still, there will be a reduction" in the..