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Investing.com -- Deutsche Lufthansa AG (ETR:LHAG) plans to reduce its administrative workforce by 20% across the entire group as part of its latest cost-cutting initiative, according to Bloomberg, citing a person familiar with the matter.
The job cuts will not impact operational employees, including mechanics, cabin crew, and ground personnel, said the person, who requested anonymity because the reductions have not been publicly announced.
This staff reduction represents Lufthansa’s newest effort to control expenses as the airline works toward a turnaround following profit and margin declines last year.
The German carrier continues to face challenges including delayed aircraft deliveries, unpredictable booking patterns, and rising costs from taxes and airport fees.
The workforce reduction marks a significant shift from Lufthansa’s hiring activities after the pandemic, when the company added at least 30,000 employees and had announced plans to hire approximately 10,000 more as global travel rebounded.
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