The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Lufthansa Cargo is adopting a comprehensive package of measures in response to the structural change in the airfreight industry. The object of the company's process management is to intensify its customer focus, slim down its internal structures and generally speed up its processes. Additional measures are being taken to fuel growth and reduce costs. That also includes saving on labour costs: 10% of the jobs at Lufthansa Cargo (equivalent to 480) are to be reduced by 2006. The bulk of those cuts will come from administrative areas. Already by the end of 2004, a possible 150 jobs or so will be shed through normal turnover.
Sources
25 August 2004: Lufthansa Cargo Press release
29 August 2004: Süddeutsche Zeitung
Citation
Eurofound (2004), Lufthansa Cargo, Internal restructuring in Germany, factsheet number 60567, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60567.
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