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Lufthansa plans to axe 400 office staff
Source: Agencies |
September 22, 2009, Tuesday
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Print Edition
Print Edition
DEUTSCHE Lufthansa is planning to cut 5 percent off staff costs per year until 2011 at its central operations, a spokesman has said, adding that he was not able to say how many people worked there.
German business daily Handelsblatt reported yesterday the company was planning to cut 15 percent of jobs at its central operations by 2012, citing internal management information.
The newspaper said that a company spokesman confirmed the plans.
According to a staff memo obtained by Reuters in July, Lufthansa aims to cut annual costs by 1 billion euros (US$1.47 billion) by 2011 by cutting around 20 percent of the 2,000 administrative jobs in its passenger airline business. That would equate to about 400 people.
Along with other airlines, Lufthansa has been hit by lower demand for air travel and rising fuel prices.
German business daily Handelsblatt reported yesterday the company was planning to cut 15 percent of jobs at its central operations by 2012, citing internal management information.
The newspaper said that a company spokesman confirmed the plans.
According to a staff memo obtained by Reuters in July, Lufthansa aims to cut annual costs by 1 billion euros (US$1.47 billion) by 2011 by cutting around 20 percent of the 2,000 administrative jobs in its passenger airline business. That would equate to about 400 people.
Along with other airlines, Lufthansa has been hit by lower demand for air travel and rising fuel prices.
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