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Deutsche Lufthansa AG

Company

Transport
Since 1953
Europe
Cologne
Von-Gablenz-Straße 2-6 50679


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Number of employees

Assets

+ Deutsche Lufthansa AG

Deutsche Lufthansa AG is an air carrier in Germany.

The largest aviation concern in Europe, which includes:

  • Austrian Airlines
  • Tyrolean Airways
  • Swiss International Air Lines
  • Swiss European Air Lines
  • Edelweiss Air
  • Lufthansa Regional
  • Air Dolomiti
  • Eurowings
  • Lufthansa CityLine
  • Germanwings (liquidated in April 2020)
  • Lufthansa Cargo

The headquarters of the company in the city of Cologne.

History

2021: Dismissal of 10 thousand people

At the end of April 2021, Lufthansa announced that it intends to reduce another 10 thousand full-time employees or reduce staff costs in a comparable amount, despite the fact that the airline's staff has already decreased by 24,000 employees since the beginning of the pandemic.

Almost all airlines suffered from the consequences of the COVID-19 pandemic, and many of them, including British Airways and Lufthansa, came to the conclusion that downsizing is the only long-term solution to deal with the consequences of the crisis in the aviation industry.

Lufthansa cuts another 10 thousand jobs

Presenting the results of the Lufthansa Group for the first quarter of 2021, financial director Remco Steenbergen said that Lufthansa still has a relatively high excess of labor. According to the airline, more than 10,000 "full-time equivalents" are subject to reduction.

As of March 31, 2021, the Lufthansa Group employed 111,262 people. This is 19% less than in 2020 (136,966 people). Currently, dismissal of employees on the basis of agreements with trade unions is not allowed, but such measures can be taken as early as 2022. The company plans to implement new reductions through the voluntary departure of employees or the transfer of some employees to part-time work.

Director General Carsten Spohr believes that voluntary care programs, the natural loss of staff and a moratorium on the admission of new employees will sufficiently reduce the number of jobs in flight attendants and ground personnel.

The airline is already undergoing the necessary preparations for the dismissal of employees, if necessary. According to Stinbergen, Lufthansa is already completing the necessary legal processes to achieve layoffs despite the protests of trade unions.[1]

2020

Reduction of 39,000 jobs

In early December 2020, it became known about the reduction of 29 thousand jobs in Lufthansa around the world. This number of employees will be dismissed before the end of 2020, and in 2021 the airline will reduce another 10 thousand employees in. Germany Such measures German carrier is forced to take in the fight against the crisis caused by coronavirus. COVID-19

According to Bild am Sonntag, in addition to layoffs, Lufthansa in 2020 will close its subsidiary for the production of food for air passengers LSG, which employs 7500 people.

Lufthansa fires 39 thousand employees

The company and its subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines have already revised their flight schedules in 2020, reducing their number, as well as the number of aircraft in their fleet and staff. It is predicted that air transportation will not return to the pre-pandemic level until 2025.

In September 2020, the company announced that it would reduce its fleet by 150 aircraft, the total number of which was 760. In addition, the company removed the remaining eight Airbus 380 from flights after six of them were decommissioned in the spring.

Also, ten Airbus A340-600 aircraft were removed from flights. Lufthansa previously stated that "these aircraft will be re-engaged only in the event of an unexpectedly fast market recovery." The company added that the remaining seven Airbus A340-600 will be finally decommissioned.

In the future, the number of employees of the German air carrier should be reduced to 100 thousand people, mainly due to part-time work and voluntary layoffs, as well as due to layoffs for industrial reasons. Lufthansa employees will also have to make so-called savings contributions, as well as voluntarily refuse to pay certain bonuses and bonuses.[2]

The European Commission approved the company's assistance plan from the German government

In June, 2020 the European Commission (EC) approved the project of Germany on the multi-billion help to Lufthansa Group aviaconcern (Lufthansa group).

"Germany will invest 6 billion euros in recapitalization, and will also provide 3 billion euros of state loan guarantee. This significant support will help Lufthansa endure the current crisis due to coronavirus, which has hit the air transportation sector particularly hard, "

According to the project, the Economic Stabilization Fund (WSF) acquires the right to secretly participate for 5.7 billion euros in the form of equity, and the government also buys a 20% stake for 0.3 billion euros.

26 thousand employees reduction plan

In June 2020, it became known that the Deutsche Lufthansa aircraft concern plans to reduce up to 26,000 jobs due to a sharp decline in air travel amid the COVID-19 pandemic.

Lufthansa employs more than 138,000 employees at this time. Earlier it was assumed that the concern would have to fire about 10,000 people.

37% collapse of capitalization

Since the beginning of 2020, the value of Lufthansa securities has fallen by 37%. In early June 2020, it became known that Lufthansa shares will be withdrawn from the index of the 30 largest companies of the Frankfurt Stock Exchange - DAX - from June 22, 2020. They will enter the MDAX index, which includes 60 companies following the DAX list in terms of capitalization.

Airline securities at the auction on June 11 are cheaper by 7.7%.

German government plan to buy out 20% of the company for €9 billion

On May 25, 2020, it was announced that the German authorities would buy a 20% stake in Lufthansa for €9 billion. In recent months, the company has been losing €1 million per hour due to the cancellation of 95% of flights amid the COVID-19 epidemic.

This decision was announced by German Finance Minister Olaf Scholz on German television. Prior to this, local media published information that the state would be given the right to appoint two people to the airline's supervisory board.

This is the largest aid package of one company in Germany since the beginning of the coronavirus crisis.

Already in June, Lufthansa plans to increase the number of flights to 1.8 thousand weekly.

Liquidation of Germanwings low-cost airline

On April 8, 2020, Lufthansa announced that the airline was permanently closing its low-cost airline Germanwings. The reason is the pandemic of the COVID-19 coronavirus, due to which international passenger flights were reduced to a minimum, as well as domestic flights in countries. More details here.

2018: Launch of a competition for the development of blockchain solutions for aviation

In August 2018, it became known that the German developer of corporate ON SAP and airline Lufthansa joined forces in development blockchain in aviation. More. here

2017: Content Partnership with Winding Tree

On October 11, 2017, Lufthansa Group announced a content partnership with Swiss startup Winding Tree, the developer of a public blockchain platform in the field of tourism.

To finance the first stage of the development of the platform and attract service providers to it, on November 1, 2017, Winding Tree will begin selling tokens of its Lif cryptocurrency. Lufthansa Group intends to participate in the pre-sale of Lif tokens after receiving appropriate permission from Swiss regulators. More details here.

2016: Internet launch on short-haul flights

At the end of June 2016, Lufthansa announced the timing of the organization of Internet access on short-haul flights. The European Aviation Safety Agency (EASA) provided the airline with an additional service certificate (STC). More details here.

Lufthansa to launch Internet on short-haul flights in October 2016

1960: Keg beer in first class

Beer in the first class of the Lufthansa, 1960.

Notes