*Irish Airline AER LINGUS will slash jobs and loss-making routes after failing to reach an agreement with unions in cost-cutting talks, it said today. The loss-making Airline announced in October that it planned to save 97 million euros a year by 2011, largely by cutting nearly 700 jobs and slashing staff pay. The Chief executive said he had come close to agreement with unions on a "transformation plan" after lengthy talks, but resistance from the Pilots and, to a lesser extent, cabin crews remained. He also said without an agreement "we must now take whatever actions are necessary to stabilise the business," adding that immediate and compulsory redundancies were "very likely." The company will now move to reduce capacity, further eliminating routes which are loss making as a result of our high cost base. Aer Lingus' net losses more than tripled in the first half of 2009. It suffered a net loss of 73.9 million euros in the six months to June, compared with a loss after tax of 21.6 million euros in the same period of 2008.