Lufthansa will have shed 29,000 staff by the end of the year and the German airline will cut another 10,000 jobs in its homeland next year as it struggles to cope with the coronavirus, a newspaper reported on Sunday.
BERLIN: Lufthansa will have shed 29,000 staff by the end of the year and the German airline will cut another 10,000 jobs in its homeland next year as it struggles to cope with the coronavirus, a newspaper reported on Sunday.
The airline and its subsidiaries, Eurowings, Switzerland, Austria and Brussels Airlines, have cut their schedules, fleet and staff, and air travel is not expected to improve to pre-pandemic levels before 2025.
Quoting sources of anonymous companies, the Bild for Sonntag newspaper said Lufthansa would cut 20,000 jobs outside Germany, while also selling its LSG catering unit, which employs 7,500 people, bringing total staff down to 109,000.
Next year, another 10,000 jobs will be cut in Germany. It has already burned through 3 billion euros (US $ 3.64 billion) from the 9 billion-euro government bailout it secured earlier in the year, the paper said.
Lufthansa has 27,000 too many full-time equivalent staff, CEO Carsten Spohr said last month, even as the airline promised unions no compulsory redundancies in exchange for bonuses and other payments.
A deal to cut costs and save jobs in Lufthansa has won the support of a majority of Verdi trade union members who work for the German airline as ground staff, according to a poll results that saw Reuters on Friday.
A formal announcement is expected on Monday.
The deal with Verdi came after months of shutdown talks, when the union accused management of trying to cut jobs even after taking a helping hand to keep its planes flying.
(US $ 1 = 0.8251 euros)
(Reporting by Emma Thomasson; Editing by Chizu Nomiyama)