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Lufthansa plans to cut staff by 15 percent

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Lufthansa plans to cut staff by 15 percent
Photo: DPA
10:31 CEST+02:00
Germany's largest airline Lufthansa plans to cut some 15 percent of its staff by 2012, financial daily Handelsblatt reported on Monday.

“Passenger traffic, cargo, catering and central administration are all in focus,” the paper reported.

The goal will be met incrementally with a yearly reduction of five percent, a spokesperson told the paper.

“In the sense of social partnership the goal is to abstain from sweeping layoffs,” he said.

The report comes just days after financial weekly magazine Wirtschaftswoche reported that Lufthansa was not planning layoffs despite flagging passenger numbers.

The cost-cutting measures are part of the company's new savings plan, “Climb 2011,” which aims to save the company €1 billion. According to Handelsblatt, the company is grappling with a five percent fewer passengers and a 20 percent reduction in revenue.

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