Lufthansa to axe 26,000 jobs

Lufthansa to axe 26,000 jobs

German flag carrier Lufthansa said on Thursday that it planned to axe 26,000 jobs, half of them will fall on staff in Germany.

Speaking after a meeting with trade unions, a Lufthansa spokeswoman said the airline estimates that it has a surplus of 22,000 full-time equivalent positions or 26,000 employees.

The company added that recovery in demand is expected to be slow. Lufthansa said that it would operate 100 fewer aircraft following the coronavirus crisis.

“The recovery in demand in the air transport sector will be slow in the foreseeable future,” the airline said.

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