Lufthansa pronounces enormous job losses | Information

German flag-carrier Lufthansa has mentioned it is going to shed 22,000 jobs because it downsizes its operations within the wake of the Covid-19 outbreak.

The airline has predicted a sluggish restoration in demand and expects to have about 100 fewer plane after the disaster.

Lufthansa mentioned half the job cuts can be in Germany.

The group – which additionally controls Swiss, Brussels Airways and Eurowings – mentioned it hopes to agree the measures with unions by June 22nd.

It added that it hoped to minimise redundancies by means of short-time working and disaster agreements.

“The intention is to pave the way in which for the preservation of as many roles as potential within the Lufthansa Group,” the agency mentioned in a press release.

Lufthansa labour director Michael Niggemann added: “With no vital discount in personnel prices throughout the disaster, we are going to miss the chance of a greater restart from the disaster and threat that the Lufthansa Group will emerge from the disaster considerably weakened.”

Final month, Lufthansa agreed  a rescue deal price €9 billion with the German authorities to put it aside from collapse.

In return, the federal government will take a 20 per cent stake within the agency, which it intends to promote by the top of 2023.

Subsidiary Austrian Airways additionally secured an additional €600 million in bailout funds earlier this week.

The group has slowly been returning to operations in latest days, however doesn’t count on demand to return to 2019 ranges till no less than 2023.




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