Europe’s largest airline has experienced severe turbulence!
The latest shock news: Lufthansa has far more staff on board than previously known – thousands of jobs are on the brink!
The airline now estimates the mathematical overhang at 22,000 full-time positions! The company announced on Wednesday after a collective bargaining summit with the unions Cockpit, Ufo and Verdi.
According to BILD information, there are also thousands of jobs in Germany: 600 pilots 2600 flight attendants and 1500 ground staff are too many, reports an insider.
Consequence of the shock message: At the start of trading on Thursday, the stock fell by more than 10 percent!
The aim is to avoid redundancies as possible due to short-time work and crisis agreements, said Lufthansa.
“Without a significant reduction in personnel costs during the crisis, we will miss the chance of a better restart from the crisis and risk that the Lufthansa Group will emerge from the crisis significantly weaker,” said Human Resources Director Michael Niggemann.
Every effort is made to reach concrete results with the tariff partners by June 22, 2020.
Lufthansa expects the recovery in air traffic demand to be slow. It assumes that the Lufthansa Group’s fleet will count around 100 fewer aircraft after the crisis. There would also be overhangs in the administration and third-party business of the service companies.
The flight attendants’ union Ufo emphasized that it was ready to find a solution by the extraordinary general meeting on June 25th. At the same time, she demanded: “The employees of all airlines in the group must be protected against dismissal and believe that the management is finally going on a common course.”
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According to Ufo, the calculated surplus corresponds to 26,000 jobs!
“It is good that we exchanged ideas so intensively today. However, it has been shown that a joint effort is still a long way off, ”said UFO Chairman Daniel Flohr. So far, Ufo has offered a zero round for this year and the reduction of the hourly surcharge for particularly long flights.
The pilot union union cockpit reaffirmed its willingness to make concessions in the amount of 350 million euros. For the individual pilot, this means a waiver of up to 45 percent.
“In return, we only expect the Group Executive Board to commit to its employees,” said VC President Markus Wahl. Using the contribution to outsource jobs on poorer terms would be totally unacceptable. At the same time, Wahl appealed to the shareholders to approve the rescue package for Lufthansa.