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.india Updated: May 03, 2012 12:55 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.
First Published: May 03, 2012 12:39 IST