Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Germany (2500 jobs) and unspecified other countries
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51.1 - Passenger air transport

3,500 jobs
Number of planned job losses
Job loss
Announcement Date
3 May 2012
Employment effect (start)
4 May 2012
Foreseen end date
30 April 2015

Description

German airline Lufthansa plans to cut 3,500 administrative jobs over the next three years. Some 2,500 jobs will be lost in its home market in Germany.

Lufthansa attributes its new cost-cutting programme to increasing fuel costs and higher air passenger taxes. In the first quarter of 2012, Lufthansa made a net loss of EUR 397mn


Sources

  • 3 May 2012: Financial Times

Citation

Eurofound (2012), Lufthansa, Internal restructuring in World, factsheet number 73522, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73522.