Lufthansa to Cut 4,000 Jobs by 2030 to Meet Financial Targets
Lufthansa has revealed plans to reduce its workforce by 4,000 jobs, approximately four percent of its total employees. The cuts, primarily targeting administrative roles, aim to meet new financial targets by 2030. This news follows Bosch's recent announcement of 13,000 job cuts and comes amidst Germany's economic struggles, with a second consecutive year of recession and unemployment at a decade high.
The job cuts will mainly affect Lufthansa's German operations and will be implemented by 2030. The airline group, which also includes Swiss, Austrian, and Brussels Airlines, plans to reduce around 4,000 administrative and management positions across the group. Lufthansa is reviewing activities that have become obsolete due to digitalization and AI, contributing to the decision to cut jobs.
Lufthansa has set ambitious financial targets for the years 2028-2030, including an adjusted operating margin of eight to 10 percent. The job cuts are part of the airline's strategy to achieve these targets and ensure long-term competitiveness.
Lufthansa's job cuts, primarily targeting administrative roles, are expected to affect around 4,000 employees by 2030. The airline group aims to meet new financial targets and adapt to changes brought by digitalization and AI. These cuts follow a trend of job losses in Germany, with the country facing a second straight year of recession and high unemployment.
