Report: Lufthansa Airlines to cut 400 admin jobs [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
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Source: Yahoo! Finance
The group's board of directors had decided around 400 jobs should be axed, according to Manager Magazin. The group first announced a comprehensive savings programme for the core brand in the summer. While the other group companies such as Swiss, Austrian, Eurowings, Brussels and Lufthansa Technik were financially largely on track, the core company Lufthansa is not expected to make an operating profit this year - the target is to break even. The savings programme is expected to improve operating profit by €2.5 billion ($2.65 billion) by 2028. According to the report, savings are also to be made in purchasing and more effort is to be made to woo business travellers, only 60% of whom have returned to air travel following the coronavirus pandemic. The company believes the work of the approximately 400 flight controllers in Frankfurt and Munich could be improved in the future by the use of artificial intelligence. Crew planning is also to be reorganized. The company did not imme
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