Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51.1 - Passenger air transport

300 jobs
Number of planned job losses
Job loss
Announcement Date
26 May 2020
Employment effect (start)
26 May 2020
Foreseen end date

Description

The German low-cost airline Eurowings plans to cut 300 administrative jobs in Germany due to internal restructuring. According to the company, the reduction is necessary to reduce costs in order to counteract the effects of the COVID-19 crisis and associated travel restrictions. There is no detailed information on the redundancy plan.  

Currently, Eurowings has 4,000 employees. Eurowings is a subsidiary of German airliner Lufthansa. Both airlines suffered heavy losses due to the COVID19-pandemic. Parent company Lufthansa even negotiated a bailout package with the German Federal Government (worth €9 billion).


Sources

Citation

Eurofound (2020), Eurowings, Internal restructuring in Germany, factsheet number 101174, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101174.