Lufthansa
Lufthansa plans to slash 4,000 jobs by 2030
German airline group Lufthansa on Monday announced plans to cut about 4,000 jobs, or around 4 percent of its global workforce, by 2030, with the majority of reductions to be made in Germany.
The company said most of the cuts will be in administrative roles rather than operational functions and will be carried out in consultation with employee representatives.
Lufthansa added that the restructuring is aimed at streamlining processes and eliminating duplication within the group’s companies, with digitalisation and increased use of artificial intelligence expected to drive further efficiency gains.
“Financial strength will continue to be the basis for achieving our targets,” the airline said, noting it would maintain a minimum liquidity buffer of 8–10 billion euros and continue to target an investment-grade credit rating.
The company said it would also adhere to its dividend policy of distributing 20–40 percent of consolidated net income to shareholders.
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