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Lufthansa could put its maintenance on the stock market

2020-08-06T17:34:32.520Z

In losses, the German group will cut 22,000 jobs and seek financial support.2020 will bring about profound changes at Lufthansa. The first European company, of which the German state has become the largest shareholder with 20% of the capital, will have to cut 22,000 jobs, or 16% of the group's workforce to cope with the collapse of its activity. It could also list certain branches of activity such as its maintenance on the stock market. Read also: Rescue of Lufthansa: re...



2020 will bring about profound changes at Lufthansa. The first European company, of which the German state has become the largest shareholder with 20% of the capital, will have to cut 22,000 jobs, or 16% of the group's workforce to cope with the collapse of its activity. It could also list certain branches of activity such as its maintenance on the stock market.

Read also: Rescue of Lufthansa: return to three months of tense negotiations

Company executives now believe that it has become "unrealistic" for job cuts to be done without layoffs. “Like all companies, we face enormous challenges and are forced to make hard and painful cuts,” explains Carsten Spohr, group boss. At the end of June, the German group, which also owns Swiss, Austrian and Brussels Airlines, had already separated from 8,300 employees who had left under a voluntary departure plan. An agreement avoiding layoffs for flight personnel is currently being voted on by employees, and discussions

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Source: lefigaro

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