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by Tiziana Di Giovannandrea 11 June 2020 The economic crisis caused by the Coronavirus has seriously affected the airline Lufthansa which is preparing to cut 22 thousand full-time jobs on a global scale. The figure could reach 26 thousand global jobs. This is despite the 9 billion euro liquidity injection of the German state for the rescue of the airline. A direct 20% stake in the capital, which becomes the Company's first shareholder.

This is what emerges from a wage rate summit held yesterday, according to German media reports. The airline would cut staff resources by 16% worldwide, half of which in Germany. Lufthansa has 135 thousand employees worldwide.

There are 26,000 jobs at risk overall, according to the UFO union, a figure that would correspond to 22,000 full-time jobs. The Lufthansa group also includes Swiss, Austrian, Brussel Airlines, Eurowings and Air Dolomiti. 

Initially there was talk of a reduction of 10 thousand units to allow the Company to comply with the conditions set out in the rescue plan but the collapse in the number of passengers due to the pandemic from Covid-19, with a number of flights collapsed to the point that 700 vehicles of his fleet of 763 aircraft he was forced not to take off. The loss in the first quarter of 2020 was over two billion euros. 

To safeguard employment and jobs, Lufthansa pilots said they were willing to cut their wages by 45%.   

The Lufthansa stock, at the opening session of the Frankfurt stock exchange, lost 12%. At the end of the day on the German list Lufthansa lost 9.09%.