Daily Management Review

Lufthansa to lay off nearly 30,000 employees


The German airline Lufthansa is going to downsize 29,000 employees by the end of the year, wrote the German newspaper Bild am Sonntag on Sunday, citing sources in the company.

Thilo Darmstadt
Thilo Darmstadt
According to other German media reports, the airline confirmed this information. The newspaper notes that 20,000 people will be reduced outside of Germany. 

In addition, Lufthansa is going to sell the LSG catering company, which employs 7,500 people. Also, as Bild am Sonntag writes, it is planned to downsize another 10,000 employees next year.

Lufthansa, like most other airlines, is struggling with the COVID-19 pandemic and the significant reduction in the number of flights associated with it. 

In June, the German authorities allocated €9 billion to rescue the airline. Lufthansa ended the third quarter with a net loss of €2 billion. 

A few weeks ago, the airline announced another saving measure: it will stop providing free food and beverages on short- and medium-haul flights to economy class passengers.

source: bild.de