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Lufthansa to cut 22,000 jobs as travel demand dips due to COVID-19

Lufthansa to cut 22,000 jobs as travel demand dips due to COVID-19

German airline Lufthansa will cut 22,000 jobs as travel demand witnessed a downturn caused by COVID-19 pandemic.

 

The company said that the positions of up to 26,000 employees are surplus to requirements, suggesting many more jobs will be cut at the cash-strapped airline than a figure of more than 10,000 flagged a few weeks ago.

 

Lufthansa employs more than 135,000 people across the globe and about half of them are in Germany.

 

The German carrier has decided to operate about 100 fewer aircraft after the crisis. Recently, it wowed a wide-ranging restructuring -- from thousands of job cuts to asset sales -- as it seeks to repay a nine billion euro government bailout and navigate deepening losses in the face of pandemic.

 

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

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