Lufthansa to Cut 4,000 Jobs, Raise Profit Targets by 2030

Lufthansa to cut 4,000 jobs, raise profit targets by 2030

Lufthansa Group has said it will cut 4,000 administrative jobs and chase higher profitability targets as part of a comprehensive transformation strategy aimed at bolstering its position and reaching for financial growth and operational improvements by 2030. In a statement, the group confirmed that it "plans to reduce a total of around 4,000 jobs worldwide by 2030, the majority of which will be in Germany. This will be done in consultation with s…

Lufthansa to Cut 4,000 Jobs Over Next 5 Years

In an effort to decrease expenses and adjust to new technology, the German airline firm Lufthansa has stated that it will lay off 4,000 employees by 2030, the majority of whom will be in Germany, according to news agency AFP. Rather than operational professions like pilots, cabin crew, or ground staff, the majority of the job cuts will impact administrative roles.Approximately 103,000 individuals are currently employed by the organisation worldw…