The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
German airline Lufthansa plans to cut 3,500 administrative jobs over the next three years. Some 2,500 jobs will be lost in its home market in Germany.
Lufthansa attributes its new cost-cutting programme to increasing fuel costs and higher air passenger taxes. In the first quarter of 2012, Lufthansa made a net loss of EUR 397mn
Sources
3 May 2012: Financial Times
Citation
Eurofound (2012), Lufthansa, Internal restructuring in World, factsheet number 73522, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73522.
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