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Germany: 22,000 Lufthansa jobs 'at risk' despite €9bn bailout deal03:59

Germany: 22,000 Lufthansa jobs 'at risk' despite €9bn bailout deal

Germany, Frankfurt
June 11, 2020 at 19:06 GMT -00:00 · Published

German airline Lufthansa announced on Thursday that up to 22,000 jobs could be cut, as the coronavirus crisis has seen the planes grounded worldwide.

Flight Attendants Union (UFO) board member, Nicoley Baublies, highlighted in Frankfurt that there would be negotiations "probably day and night" for the "next ten days" to save the 22,000 jobs.

Baublies warned that "it's very complicated because Lufthansa is running out of money," but was optimistic that the airline will be "safe afterwards," if negotiations are successful.

The announcement emerged two months after Lufthansa closed its budget airline Germanwings and a week after it agreed on a rescue deal worth €9bn ($10,2bn) with the German government amid a first-quarter net loss of 2.1 billion euros ($2.3 billion).

Europe's biggest airline is in negotiation with unions representing flight workers to minimise the number of cuts. A final agreement is expected to be reached by June 22.

Lufthansa reportedly also said it doesn't expect the current crisis to end before 2023. The company currently employs more than 135,000 people worldwide, which about half are in Germany.

In April, the company reported a 98 percent drop in passenger numbers due to the pandemic, forcing to ground around 700 planes and place more than half of its workers on government-backed short-hours schemes.

Germany: 22,000 Lufthansa jobs 'at risk' despite €9bn bailout deal03:59
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German airline Lufthansa announced on Thursday that up to 22,000 jobs could be cut, as the coronavirus crisis has seen the planes grounded worldwide.

Flight Attendants Union (UFO) board member, Nicoley Baublies, highlighted in Frankfurt that there would be negotiations "probably day and night" for the "next ten days" to save the 22,000 jobs.

Baublies warned that "it's very complicated because Lufthansa is running out of money," but was optimistic that the airline will be "safe afterwards," if negotiations are successful.

The announcement emerged two months after Lufthansa closed its budget airline Germanwings and a week after it agreed on a rescue deal worth €9bn ($10,2bn) with the German government amid a first-quarter net loss of 2.1 billion euros ($2.3 billion).

Europe's biggest airline is in negotiation with unions representing flight workers to minimise the number of cuts. A final agreement is expected to be reached by June 22.

Lufthansa reportedly also said it doesn't expect the current crisis to end before 2023. The company currently employs more than 135,000 people worldwide, which about half are in Germany.

In April, the company reported a 98 percent drop in passenger numbers due to the pandemic, forcing to ground around 700 planes and place more than half of its workers on government-backed short-hours schemes.

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