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Lufthansa reveals 3,500 job cuts in draconian cost-saving

German airline Lufthansa today said that it intended to shed 3,500 administrative jobs in the next few years as part of a radical cost-cutting programme.
By HT Correspondent | AFP, Frankfurt
UPDATED ON MAY 03, 2012 12:55 PM IST

German airline Lufthansa said on Thursday that it intended to shed 3,500 administrative jobs in the next few years as part of a radical cost-cutting programme.

The unprecedently steep cuts were intended to cut administrative costs by a quarter, the airline said in a statement. Cuts in staff costs overall would amount to about one third of the savings under the cost-cutting scheme announced at the beginning of the year.

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The world is watching India’s naturopathy and traditional medicine system right now, more than ever!
The world is watching India’s naturopathy and traditional medicine system right now, more than ever!

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BKU leader Rakesh Tikait addresses during the ongoing farmer protest against the new farm laws at Ghazipur border, in New Delhi on Saturday. (ANI Photo )
BKU leader Rakesh Tikait addresses during the ongoing farmer protest against the new farm laws at Ghazipur border, in New Delhi on Saturday. (ANI Photo )

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The judge directed the special MP/MLA trial court to speed-up the trial and conduct hearing on a day-to-day basis.(File photo)

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A case of criminal conspiracy, abetment of offence punishable with death or imprisonment of life under the Indian Penal Code sections 120B and 115 was registered at RK Puram police station.(HT Archives. Representative image)

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FILE PHOTO: A smartphone with the Netflix logo lies in front of displayed "Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)
FILE PHOTO: A smartphone with the Netflix logo lies in front of displayed "Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)

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The police recovered two Lenovo laptops, 15 grams gold and two smartphones from Chandrakant Bapu Salve.(HT REPRESENTATIONAL PHOTO)

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Indian Air Force Chief RKS Bhadauria flew in an upgraded Mirage-2000 fighter aircraft during the multi-aircraft sortie to commemorate the second anniversary of the Balakot Operations. (ANI Photo)
Indian Air Force Chief RKS Bhadauria flew in an upgraded Mirage-2000 fighter aircraft during the multi-aircraft sortie to commemorate the second anniversary of the Balakot Operations. (ANI Photo)

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In his address, Sibal expressed his unhappiness that the party didn’t choose to accommodate Azad in Parliament after his retirement.(PTI Photo)

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Justice Gogoi, during the event telecast on February 12, used the term “ramshackle” for the judiciary and added that one would be ending up only “washing dirty linen in court” by filing defamation cases.(AP file photo)
Justice Gogoi, during the event telecast on February 12, used the term “ramshackle” for the judiciary and added that one would be ending up only “washing dirty linen in court” by filing defamation cases.(AP file photo)

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Odisha reported 84 new cases of Covid-19 in the past 24 hours. (HT PHOTO) (Image used for representation).
Odisha reported 84 new cases of Covid-19 in the past 24 hours. (HT PHOTO) (Image used for representation).

In Odisha, 25 students of a technical university test Covid-19 positive

PUBLISHED ON FEB 27, 2021 11:18 PM IST
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Sanitation workers stand in a queue to receive the first dose of vaccine in Delhi.(PTI )
Sanitation workers stand in a queue to receive the first dose of vaccine in Delhi.(PTI )

Fake Co-Win site surfaces as Centre is all set to open registration for vaccines

By hindustantimes.com | Edited by Poulomi Ghosh
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