Lufthansa and the relevant airline trade unions are negotiating plans for company management to cut at least 26 thousand jobs, this measure affects nearly 22 thousand full-time employees.
On April 28, Lufthansa announced the alleged dismissal of 10,000 employees and the sale of at least a hundred airliners from her fleet, later the number of reductions was revised to more than double.
The subject of current negotiations is a way to reduce staff costs.
Management needs to get agreement on this step, as this decision should already be considered at a shareholders meeting to discuss Lufthansa’s rescue plan
At the end of May, the company’s losses were estimated at 1 million euros per hour.
Then it became known that the German authorities will provide the airline with support of 9 billion euros, but based on partial nationalization.
The German stabilization fund in exchange for money will receive approximately 20% of Lufthansa.