Thursday, February 9, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News World News

Pandemic-hit Lufthansa says 22,000 jobs to go

AFPbyAFP
June 11, 2020, 5:00 pm
in World News
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

German airline Lufthansa said Thursday that it would have to slash 22,000 full-time jobs as it predicts a muted recovery in demand for travel following the coronavirus pandemic.

"The recovery in demand in the air transport sector will be slow in the foreseeable future," the airline said.

The group will operate about 100 less aircraft after the crisis, leading to "a total of 22,000 fewer full-time positions in the Lufthansa Group, half of them in Germany".

The posts make up 16 percent of the Lufthansa Group's total workforce of 135,000.

The airline said however that it would look at how it could use schemes for shorter work hours and other crisis arrangements to avoid outright redundancies.

ADVERTISEMENT

Lufthansa, like its peers, has been brought to its knees by restrictions introduced to curb the spread of the coronavirus.

Around 700 of the group's 763 aircraft were grounded at the peak of the lockdowns and it was forced to place 87,000 workers on government-backed shorter hours schemes.

Lufthansa's supervisory board last week approved a nine-billion-euro bailout deal from the German government after the company posted a first-quarter net loss of 2.1 billion euros ($2.3 billion).

The bailout will see the German government take a 20-percent stake in the group, with an option on a further five percent plus one share to block hostile takeovers.

The airline has also lost its place on Frankfurt's Dax 30 index after its share price collapsed.

"Without a significant reduction in personnel costs during the crisis, we will miss the opportunity of a better restart from the crisis and risk the Lufthansa Group emerging from the crisis significantly weakened," said Michael Niggemann, who heads the airline's human resources and legal affairs departments.

Tags: FrankfurtGermanyLufthansaMichael Niggemann
ADVERTISEMENT
AFP

AFP

Related Posts

Biden: US will act on China after ‘spy balloon’ downing

byAFP
February 8, 2023, 6:30 pm
0
8
Biden signs major climate change, health care law

President Joe Biden vowed Tuesday (Wednesday, Manila time) he would not hesitate to defend US interests against China after he...

Read more

Informants, spies, hackers: How China snoops on US

byAFP
February 8, 2023, 6:25 pm
0
8
Southwoods nails Seniors’ Fil golf crown

An alleged Chinese surveillance balloon over the United States last week sparked a diplomatic furor and renewed fears over how...

Read more

Hundreds of Thai children facing charges for protests

byAFP
February 8, 2023, 6:20 pm
0
8
Southwoods nails Seniors’ Fil golf crown

More than 200 children in Thailand are facing serious criminal charges, including sedition, for their role in largely peaceful pro-democracy...

Read more

Ex-Sri Lanka prexy quizzed over cash stash

byAFP
February 8, 2023, 6:15 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Sri Lankan police told AFP on Wednesday they are investigating ousted president Gotabaya Rajapaksa over a hidden cash stockpile uncovered...

Read more

Australian school principal stands trial on rape case

byAFP
February 8, 2023, 6:10 pm
0
8
Southwoods nails Seniors’ Fil golf crown

The former principal of an ultra-orthodox Jewish school in Australia went on trial Wednesday over charges she sexually assaulted three...

Read more

Sweden restricts gender treatments for trans minors

byAFP
February 8, 2023, 6:05 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Sweden, the first country to introduce legal gender reassignment, has begun restricting gender reassignment hormone treatments for minors, as it,...

Read more

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • PH, Japan eye VFA-like pact
  • Deaths from massive quake rise above 11,200
  • DMW defers sending first-time job seekers to Kuwait until after reform
  • Unemployment dropped to 4.3% in December from 6.6% a year ago
  • Gov’t rates high ‘overall’ but low in inflation fight
  • DTI lists higher SRP for 70 food products like noodles, milk, bread
  • SC junks graft case vs. Enrile, others over coco funds misuse

Advertisement

Latest News

Gov’t rates high ‘overall’ but low in inflation fight

byManila Standard
February 9, 2023, 1:00 am
0
8
Imported onions in, but price still high

The current Marcos Jr. government has received low satisfaction ratings in fighting inflation and corruption but received a high satisfaction...

Read more

DTI lists higher SRP for 70 food products like noodles, milk, bread

byOthel V. Campos
February 9, 2023, 12:50 am
0
8
Palace: BBM doing fine; DOJ chief: I too positive

After months of delaying the inevitable, the Department of Trade and Industry published Wednesday the new and updated Suggested Retail...

Read more

SC junks graft case vs. Enrile, others over coco funds misuse

byRey E. Requejo
February 9, 2023, 12:40 am
0
8
Sen. Imee Marcos commemorates martial law’s 50th year

The Supreme Court has ordered the dismissal of the graft charges filed against former Senator and now chief presidential legal...

Read more

Government asks ICC to stop resumption of drug war probe

byRey E. Requejoand1 others
February 9, 2023, 12:30 am
0
8

The Philippine government has asked the International Criminal Court to overturn the January 26 Pre-Trial Chamber’s authorization to resume the...

Read more

PH Constitution ‘dynamic,’ can adapt to times

byVito Barceloand1 others
February 9, 2023, 12:20 am
0
8
Mass for Noynoy

The Philippine Constitution remains “dynamic” and “flexible” because it can adapt to the times, President Ferdinand Marcos Jr. said Wednesday....

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App