German airline Lufthansa has announced that it will cut 4,000 jobs, nearly four percent of its workforce.
Lufthansa announced this in a statement on Monday, September 29, 2025.
The airline said the majority of the job cuts would be in Germany and take place by 2030, targeting administrative rather than operational positions.
The airline, which employs around 103,000 people, includes Eurowings, Austrian, Swiss, and Brussels Airlines, as well as the recently acquired Italian flagship airline ITA Airways.
Germany is facing a second straight year of recession, with unemployment at a decade high.
The downturn has hit some of the country’s corporate giants hard, squeezed by Chinese competition, high energy costs and slow adoption of new technologies, according to AFP.
Lufthansa’s announcement comes just days after another major German company, industrial giant Bosch, said it would cut 13,000 jobs, or three percent of its global workforce.
The company stated: “The Lufthansa Group is reviewing which activities will no longer be necessary in the future, for example due to duplication of work.
“In particular, the profound changes brought about by digitalization and the increased use of artificial intelligence will lead to greater efficiency in many areas and processes.”
Lufthansa set new financial targets for 2028-2030, including an adjusted operating margin of eight to 10 percent.
The Nigeria Democratic Congress (NDC) has urged Nigerians to vote for the proposed Peter Obi…
The Nigerian stock market gained N308 billion on Wednesday, November 4, 2026, driven by sustained…
Moniepoint Microfinance Bank says eligible customers can now check their status and access the Federal…
The Independent National Electoral Commission (INEC) has attributed reports of 453 additional polling units ahead…
Como hit nine away to Lens in an incredible performance as the Serie A side…
The Minister of the Federal Capital Territory (FCT) Nyesom Wike-led faction of the Peoples Democratic…
This website uses cookies.