Lufthansa to cut 3,500 jobs
Published: by
by

The global aviation group is to cut thousands of jobs as part of a programme to improve its operating result by EUR 1.5billion.

Deutsche Lufthansa AG generated revenue of EUR 6.6billion in the first quarter of 2012 – a 5.6% increase year on year. However due to increased fuel costs, the air traffic tax and the costs of emissions trading the group’s operating result at the end of the first quarter was EUR -381million. This is a fall of EUR 212million compared to last year.

In an effort to improve the operating result by at least EUR 1.5billion by 2014, Lufthansa created the SCORE programme, launched earlier this year. As part of the programme 3,500 full time staff will lose their jobs.

By reducing staff costs a total of one third of the SCORE volume will be realised. The job losses will come as the company merges duplicate functions and eliminates acitivies which create no added calue for the customer as well as outsourcing activities.

Christoph Franz, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, says: "We can only safeguard jobs for the long term and create new openings if we reorganise the administrative functions and accept job losses now."

| Comments (0)| Comment
Related Stories
Picturehouse cinema backs down over Ritzy job cuts
Picturehouse cinema backs down over Ritzy job cuts
Cinema staff who successfully fought a campaign to get paid the London Living Wage will no longer face redundancy after their employer backed down... read more ›
Jamie Oliver under fire for sudden restaurant closures
Jamie Oliver under fire for sudden restaurant closures
Staff and customers got a shock when Jamie Oliver abruptly closed two of his cooking class shops halfway through a shift... read more ›
HBO to dismiss 7% of its workforce
HBO to dismiss 7% of its workforce
Cutbacks at Time Warner are set to extend to tarnish its media corporation crown jewel as HBO will lay off 150 workers starting this week... read more ›
Sports Direct promises transparency in zero hour job ads
Sports Direct promises transparency in zero hour job ads
Sports Direct has promised to update its job adverts to clearly spell out that zero hour contracts have no guarantee of work, after an employee took legal action against the retailer... read more ›
Google number one again as best places to work keep getting better
Google number one again as best places to work keep getting better
The companies with the best employer brand are becoming even better places to work, according to a new report... read more ›
'No drinking shots and home by midnight,' new Codes of Conduct for City workers
'No drinking shots and home by midnight,' new Codes of Conduct for City workers
Bankers might soon have to give up late nights on the town and make sure they’re tucked-up in bed at a sensible hour, according to GQ Employment Law... read more ›
Over half of British workers too scared to ask for pay rise
Over half of British workers too scared to ask for pay rise
More than half of British workers have never asked their boss for a pay rise, according to a survey... read more ›
NHS staff banned from drinking tea or coffee in the office
NHS staff banned from drinking tea or coffee in the office
NHS staff have been banned from drinking tea or coffee in public areas at three Leicester hospitals... read more ›
HR Grapevine Magazine Latest Edition