Send
Print
XING
Lufthansa stated that the job cuts will mainly impact workers in its administrative sectors in Germany.
The organization is undertaking a significant assessment of its activities across the group, which encompasses Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, and ITA Airways, with the goal of enhancing their integration and removing redundant functions.
Lufthansa anticipates that the one-time expenses associated with the reorganization of its operations will be around €400 million. The firm anticipates that this optimization will boost its EBIT by €300 million each year.
Deutsche Lufthansa shares rose 1.9% in trading on Monday. Over the past three months, the company's market capitalization has increased by approximately 10% to €9.3 billion.
source: dw.de
The organization is undertaking a significant assessment of its activities across the group, which encompasses Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, and ITA Airways, with the goal of enhancing their integration and removing redundant functions.
Lufthansa anticipates that the one-time expenses associated with the reorganization of its operations will be around €400 million. The firm anticipates that this optimization will boost its EBIT by €300 million each year.
Deutsche Lufthansa shares rose 1.9% in trading on Monday. Over the past three months, the company's market capitalization has increased by approximately 10% to €9.3 billion.
source: dw.de
