Lufthansa Job Cuts as a Path to Profitability

27 days ago

Bloomberg reporter Chloe Malay

"Lufthansa lastly, planning job cuts. ... planning to cut 4,000 administrative jobs by 2030, which is expected to generate about 300 million in annual savings... it's really all about trying to rebuild that profitability."

Lufthansa is planning significant cost-cutting measures by eliminating 4,000 administrative jobs by 2030, which should generate approximately €300 million in annual savings. This move is an effort to restore profitability amid operational challenges such as pilot strikes and delays in transitioning to more fuel-efficient aircraft.