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Jobs gloom deepens

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A LOW cost airline founded in Jersey has announced that it is to cut 300 jobs to save money.

The blow, which was announced to the London Stock Exchange this morning, comes on the day that Jersey's latest unemployment figures showed that the number of Islanders out of work has surged to a new record high.

Flybe, which was founded by the late Jersey resident Jack Walker and was originally called Jersey European, plans to make ten per cent of its staff redundant - 24 of those in the Channel Islands.

• See Wednesday's JEP for full report

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