Lufthansa to cut 800 logistics jobs

German carrier Lufthansa has confirmed will cut up to 800 jobs from its logistics business as part of its plans to reduce costs.

German carrier Lufthansa has confirmed will cut up to 800 jobs from its logistics business as part of its plans to reduce costs.

The airline group confirmed 500 Germany-based employees at Lufthansa Cargo would leave the company, with the majority expected to take early retirement.

Another 250-300 overseas-based roles will go in the next few years, with Lufthansa targeting cost savings of around €80m ($90m).

The cuts in the logistics division are part of wider company job reductions across Europe totalling 2,400 roles over the next five years.

Lufthansa said the cuts are a result of competition from its low-cost rivals and Middle-Eastern carriers.

 

 

TAGS: Europe
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