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Lufthansa Plans to Cut 15% of Staff by 2012
2009-09-21 14:58
German airline Deutsche Lufthansa AG plans to cut around 15% of its administrative staff by the year 2012, a spokesman confirmed Monday.
The spokesman declined to specify the number of jobs to be cut, but said personnel costs will be reduced by around 5% annually to 2012.
He was confirming a report in Monday's edition of the daily Handelsblatt newspaper. The newspaper added that the reductions are expected to be carried out through attrition, rather than forced layoffs.
Get the full story at: The Wall Street Journal
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