
The Digest:
According to a report from France24, the German airline will cut 4,000 administrative jobs, a strategic pivot towards greater efficiency that leaves many employees
Key Points:
- Lufthansa will cut 4,000 jobs, nearly 4% of its 103,000-strong workforce.
- The majority of the cuts will be in Germany and completed by 2030.
- The airline is targeting administrative roles, citing "duplication of work."
- The company stated that digitalization and AI will lead to greater efficiency.
- This announcement follows Bosch's plan to cut 13,000 jobs in Germany.
- The German economy is facing a second straight year of recession.
- Lufthansa also set a new financial target of an 8-10% operating margin for 2028-2030.
Sources: France24, The Cable