Lufthansa Cargo is to axe 500 jobs globally, as its parent group restructures to cut costs and re-size the business in expectation of lower passenger numbers.
This week, the group announced it was implementing the second stage of measures.
While it has now secured sufficient financing from governments in Germany, Austria and Switzerland, it noted that “the complete repayment of government loans and investments, including interest payments, will place an additional burden …
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Source: The Loadstar