Lufthansa Plans Massive Layoffs in Germany by 2030
Lufthansa has revealed plans to lay off a majority of its administrative staff in Germany by 2030. This move is part of a restructuring effort aimed at improving efficiency and positioning the company for future growth. Meanwhile, the pilot union, Vereinigung Cockpit, has completed a voting procedure regarding industrial actions due to a dispute over company pensions, raising the threat of a pilot strike.
Lufthansa employs around 103,000 people worldwide, including staff from its subsidiaries Eurowings, Austrian, Swiss, Brussels Airlines, and ITA Airways. The layoffs, which will primarily affect administrative roles, are expected to have a significant impact on the German economy, which is currently facing a recession and high unemployment.
The company aims to achieve greater efficiency through digitalisation and increased use of artificial intelligence. Lufthansa has set new financial targets for 2028-2030, including an adjusted operating margin of 8 to 10 percent. This restructuring is intended to deliver attractive returns for shareholders in the long term. Lufthansa expects a significant increase in profit for the current year compared to the previous year's figure of €1.6 billion.
Lufthansa's announcement comes on the heels of Bosch's recent decision to cut 13,000 jobs, or three percent of its global workforce. The layoffs at Lufthansa are a further blow to the German economy, but the company believes that these measures are necessary for its long-term success and to navigate the challenges of the aviation industry.
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