European Aviation giant Lufthansa Group plans to reduce its workforce by 4,000 by 2030. Image credit: Supplied/Lufthansa Group
(The Post News) – European aviation giant, Lufthansa Group, announced that by the end of this decade, they plan to let go of 4000 workers in an effort to increase sales after the slump. The workforce reduction will mostly be in Germany, with the transition facilitated through artificial intelligence, digitalisation, and the consolidation of work across member airlines.
European Aviation Leader Restructures for Profitability
Due to strikes and rising costs, the aviation group’s 2024 earnings had dropped by 18% causing integrate member airlines to “significantly increase profitability” by 2030. In a statement, the European aviation giant said it will increase efficiency by reviewing work “activities that will be no longer necessary in the future, for instance due to duplication of work.”.
In Munich, the European aviation group explained that this 4% loss of workforce and strategy is part of their plan to keep their planes full and boost revenue. The group also plans to upgrade its fleet by adding 230 aircraft, including 100 long-haul aeroplanes.
Aside from its namesake airlines Lufthansa Group fleet also includes Austrian Airlines, Swiss and Edelweiss Air, Brussels Airlines, Discover Airlines, ITA Airways and Eurowings. Its headquarters are in Germany, with approximately 101,709 employees registered to their fleets, according to 2024 reports.
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