Saturday , May 21 2022

Lufthansa will lay off 29,000 employees by the end of the year: the report


BERLIN: Lufthansa will lay off 29,000 workers by the end of the year and the German airline will cut another 10,000 jobs next year as it struggles to fight coronavirus in a country, a newspaper reported on Sunday (December 6th).

The airline and its subsidiaries – Eurowings, Swiss, Austrian and Brussels Airlines – have reduced their schedules, fleet and staff as they expect air travel that will not return to pre-pandemic levels by 2025.

Citing unnamed company sources, Bild am Sonntag newspaper said Lufthansa will cut 20,000 jobs outside Germany, and is also selling the LSG hospitality unit, which employs 7,500 people, and has reduced all staff to 109,000.

Next year, another 10,000 jobs will be cut in Germany. It has already burned 3,000 billion euros ($ 3,644 billion) from the government’s 9 billion-euro bailout it got earlier in the year, the paper says.

Lufthansa has 27,000 full-time equivalent employees, Carsten Spohr said last month, even though the airline promised unions it would not force forced layoffs in exchange for bonuses and other pay cuts.

The agreement to cut Lufthansa costs and save jobs has garnered the support of most members of the Verdi union who work as ground workers for the German airline, according to the results of a vote seen by Reuters on Friday.

A formal announcement is expected on Monday.

After a month-long talks with Verdi, the union’s management complained that it wanted to cut jobs even after taking a rescue to keep the planes flying.

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