Lufthansa will have shed 29,000 staff by year end: Bild am Sonntag

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 home country next year as it struggles to cope with the coronavirus, a newspaper reported on Sunday.

The airline and its subsidiaries, Eurowings, Swiss, Austrian and Brussels Airlines, have slashed their schedules, fleet and staff, with air travel not expected to recover to pre-pandemic levels before 2025.

Citing unnamed company sources, the Bild am Sonntag newspaper said that Lufthansa would cut 20,000 jobs outside of Germany, while it is also selling its catering unit LSG, which employs 7,500 people, bringing the total staff down to 109,000.

Next year, a further 10,000 jobs will be cut in Germany. It has already burned through €3 billion ($3.64 billion) of 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, Chief Executive Carsten Spohr said last month, even as the airline promised unions not to make forced redundancies in return for cuts to bonuses and other payments.

A deal to cut costs and save jobs at Lufthansa has won the support of a majority of the Verdi trade union members who work for the German airline as ground staff, according to the results of a ballot seen by Reuters on Friday.

A formal announcement is expected on Monday.

The deal with Verdi followed months of on-off talks, during which the union accused management of seeking to cut jobs even after taking a bailout to keep its planes flying.

Similar articles

  • UA slides to $1.9bn loss in 4Q-2020

    UA slides to $1.9bn loss in 4Q-2020

    The carrier United Airlines announced a mounting pandemic driven loss for the last quarter of 2020, AP reported. The loss peaked at $1.9 billion and paves for similar financial results in the first three months of 2021. Experts had expected a much smaller by volume loss.

    29
  • US airlines resume pilot hiring on positive Covid-19 prospects

    US airlines resume pilot hiring on positive Covid-19 prospects

    American air transport companies have confirmed they went back to hiring back pilots as vaccination rollout is seen easing Covid-19 pandemic, Reuters reported.  American Airlines’ wholly owned regional subsidiary PSA Airlines and budget carrier Frontier Airlines both revealed plans to resume pilot hiring. This is seen as a positive sign for the whole industry.

    27
  • Canada green-lights the return of Boeing 737 Max

    Canada green-lights the return of Boeing 737 Max

    The 737 Max model aircrafts made by Boeing may resume flights in Canada as the country waived a two year ban effective 20 Jan., following two crashes that lead to hundreds of fatalities, Reuters said. The Boeing 737 Max fleet has been grounded worldwide for the past two years.

    28