Lufthansa plans major lay off

June 12, 2020

COVID-19 has dealt a severe blow to the aviation industry. Cost cuttings and lay offs have become daily business for various industry players. in this scenario, German airline major Lufthansa on Thursday said that it plans to lay off a total of 22,000 full-time employees.

Further, due to the impact of the pandemic and the financial impact, the airline will also reduce its fleet by around 100 aircraft.

“Without a significant reduction in personnel costs during the crisis, we will miss the opportunity of a better restart from the crisis and risk that the Lufthansa Group will emerge considerably weakened after it. In addition, personnel overhang is likely to become even larger, so that a reduction of personnel overhang by implementing unilateral measures would be inevitable,” said Michael Niggemann, Executive Board Member Human Resources & Legal Affairs and Labour Director of Deutsche Lufthansa AG.

“We want to avoid this scenario. That is why we are doing everything we can to achieve concrete results with our collective bargaining partners by June 22, 2020,” Niggemann added.

According to the company, the goal is to pave the way for keeping as many jobs as possible in the Lufthansa Group. In order to achieve this, concrete measures to reduce personnel costs are required that will apply for the period of the corona crisis, the company said

As per the airline, it aims to avoid compulsory redundancies as far as possible by means of short-time work and crisis agreements.

Also Read: British Petroleum readies for major lay off

Also Read: Boeing expects aviation sector to recover

Previous Story

Those who divide the society call themselves ‘nationalists’: RAHUL

Next Story

UK economy shrank 20.4% in April

Latest from -Top News

UAE credit soars to the top

S&P Global, Moody’s Investors Service, and Fitch Ratings — have all assigned strong sovereign credit ratings to the UAE In a strong

Khamenei rebukes Trump

Khamenei said Iran had triumphed over the US and downplayed the impact of the strikes on the country’s nuclear infrastructure Iran’s Supreme

UAE powers up China ties

Dr Sultan Al Jaber’s China visit boosts UAE-China strategic ties, focusing on energy, renewables, and industrial cooperation amid record bilateral trade and

Khamenei threatens more strikes

Iran’s supreme leader rebukes Trump’s ‘surrender’ remark, warns of repeat attacks on US bases and Israeli targets. In his first public appearance