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Lufthansa Announces Plans to Slash 4,000 Administrative Positions
(MENAFN) Lufthansa announced Monday that it will eliminate 4,000 administrative positions as part of a broader push to streamline operations via digital technologies and automation.
The German airline group revealed that most of the job cuts will take place within the country.
In a statement, Lufthansa Group emphasized its plans to make "significant investments" and undertake sweeping changes over the next few years, with a focus on fleet modernization and future initiatives.
As part of its long-term strategy, the airline will acquire 230 new aircraft by 2025, including 100 long-haul planes.
The company also set a target of generating over €2.5 billion ($2.9 billion) in adjusted free cash flow annually between 2028 and 2030.
"Financial strength will continue to be the basis for achieving the financial targets," the statement concluded.
The German airline group revealed that most of the job cuts will take place within the country.
In a statement, Lufthansa Group emphasized its plans to make "significant investments" and undertake sweeping changes over the next few years, with a focus on fleet modernization and future initiatives.
As part of its long-term strategy, the airline will acquire 230 new aircraft by 2025, including 100 long-haul planes.
The company also set a target of generating over €2.5 billion ($2.9 billion) in adjusted free cash flow annually between 2028 and 2030.
"Financial strength will continue to be the basis for achieving the financial targets," the statement concluded.
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