The largest airline in Europe, Lufthansa has decided to escape at the expense of workers and prepared to the large-scale reduction of staff. According to Reuters, the works can lose about 26 thousand people. So many positions, according to the company, were made redundant in the new reality.
Earlier, Lufthansa announced a large-scale restructuring: refers to cutting jobs and selling assets. Problems from the German company as the global aviation industry in General, arose due to the suspension of flights due to pandemic coronavirus. By his own estimates, Lufthansa is losing because of this about a million euros per hour. Pace reserves in the amount of 4 billion euros will be exhausted by the autumn. It is possible that the company may declare bankruptcy.
The German government threw the company a lifeline. The plan involves the purchase of a 20 percent stake in the carrier with the right to increase the package and the allocation of nine billion euros. Thus, for the first time since 1997, could become part of the state.
Now the management of Lufthansa is negotiating with unions and trying to transfer employees to part time to cut costs. At the end of June will host the next meeting of shareholders, which will take a final decision on the plan of salvation.
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