German airline Lufthansa to lay off 22,000 employees

German airline Lufthansa to lay off 22,000 employees

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

IANSUpdated: Thursday, June 11, 2020, 11:53 PM IST
article-image
Lufthansa |

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.

RECENT STORIES

Mumbai: Andheri Trader Acquitted By SEBI Judge Over Non-Timely Receipt Of Penalty Order

Mumbai: Andheri Trader Acquitted By SEBI Judge Over Non-Timely Receipt Of Penalty Order

How To Enjoy Trouble Free Elevator Operations During The Summer Season

How To Enjoy Trouble Free Elevator Operations During The Summer Season

Why Are Residential Townships More Appealing In Comparison To Other Housing Options?

Why Are Residential Townships More Appealing In Comparison To Other Housing Options?

Real Estate: Strategies For Building Long-Term Wealth

Real Estate: Strategies For Building Long-Term Wealth

NAREDCO Hails REITs As Game-Changer For Accessibility In Indian Real Estate Investment

NAREDCO Hails REITs As Game-Changer For Accessibility In Indian Real Estate Investment