EMCC European Monitoring Centre on Change

Lufthansa

Company/Organisation:
Lufthansa

Geographic Location

Country: World
Location of affected unit(s): Germany (2500 jobs) and unspecified other countries

Company

Sector: Transportation / storage
Transportation and storage
51.1 - Passenger air transport
Number Employed: 120898

Employment Effects

Announcement Date: 03-05-2012
Planned Job Reductions min: 3500
Planned Job Reductions max: 3500
Type of Restructuring: Internal restructuring
Employment Effect Start: 04-05-2012
Foreseen End Date: 30-04-2015

Additional Information

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