According to a media report, German airline Lufthansa plans to radically cut administrative jobs. According to reports, around 400 jobs will be saved.
According to “Manager Magazin”, jobs will disappear mainly due to fluctuations and automation. The corresponding plans should be developed by the end of the year. In addition, savings must be made on purchases and business travel must be revived.
The group wants to counter the decline in operating results at Lufthansa Airlines, the report shows. After 854 million euros in 2023, the core brand is unlikely to make an operating profit this year. “An internal projection warns of an operational loss of 800 million euros in 2026 if everything continues as before,” the medium writes.
AUA has “no plans to reduce staff”
When asked whether the plans also have consequences for the AUA, Austrian Airlines said on Thursday: “There are currently no plans for staff reductions at Austrian Airlines.”
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
