Restructuring events
European Restructuring Monitor (ERM)
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.
As announced on 3 May 2012 by German airline Lufthansa, 2,500 administrative jobs will be cut in Germany. The job cuts are part of Lufthansa's SCORE program, which aims to rise the company's operating results. Lufthansa currently employs 11,500 people in administrative positions in Germany. Worldwide, 3,500 of 16,800 administrative jobs will be cut (see fact sheet).
Lufthansa's SCORE program is said to be implemented due to increasing costs, especially affected by the oil price, but also due to an intensified competitive situation in Europe's airline market.
German union Verdi announced resistance against Lufthansa's plans, which do not exclude forced redundancies.
Eurofound (2012), Lufthansa, Internal restructuring in Germany, factsheet number 73530, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73530.