German airline Lufthansa plans to cut 22 000 jobs
German airline Lufthansa said it would cut 22 000 jobs amid a sharp fall in air travel caused by the pandemic coronavirus. The airline expects a slow recovery in demand and predicts that after the crisis, its fleet will be 100 aircraft smaller.
Lufthansa notes that half of the jobs will be cut in Germany. She hopes to negotiate layoffs with labor unions to June 22.
In the airline employs more than 135,000 people worldwide. About half of them are in Germany.
"Without a significant reduction in personnel costs during the crisis, we miss the best opportunity out of the crisis", - said the HR Director at Lufthansa Michael Niggemann.
last month, Lufthansa enlisted the financial support of the German government in the amount of 9 billion euros allocated from the state budget to save the company from total collapse.
as a result, the German government will receive a 20% stake in Lufthansa, which it intends to sell by the end of 2023. However, the deal still must be approved by the shareholders of the company and the European Commission.
Other airlines implement similar measures in anticipation of a long, slow return to previous levels of demand. To date, announced job cuts:
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- British Airways offers to dismiss 12 000 45 000 of its employees; the
- Ryanair plans to cut 3,000 jobs - 15% of its workforce; the
- EasyJet said it would cut up to 30% of its workforce - around 4,500 jobs; the
- Virgin Atlantic, which employs 10,000 people, said it would cut 3,000 jobs.