GERMAN flag carrier Lufthansa is looking to gradually reduce jobs in administration by 20 per cent as it steels itself against a projected drop in earnings, the Manager Magazin reported on Thursday (Nov 14).
The job cuts, which would be carried out via fluctuation and automation, would impact 400 positions, the report said.
The German business magazine cited an internal projection warning of an operating loss of 800 million euros (S$1.1 billion) in 2026 if the airline continues on its beleaguered trajectory.
The company was not immediately available for comment when contacted by Reuters.
Lufthansa saw operating profit drop by 9 per cent in the third quarter as its flagship brand struggles with low yields, competition with international airlines and spiralling costs. REUTERS
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