graphic
graphic  
graphic
News > International
graphic
Lufthansa jobs threatened
graphic November 20, 2001: 12:00 p.m. ET

German carrier could cut up to 4,000 jobs, Reuters reports
graphic
graphic graphic
graphic
graphic
graphic       graphic
  • Lufthansa
  •  
    graphic
    LONDON (CNN) - Germany's Lufthansa could axe up to 4,000 jobs after talks with its unions failed to reach a cost-savings plan, according to Reuters.

    A spokeswoman for the German national carrier told the news agency it planned new cost-cutting measures that could include job cuts.

    However, a Lufthansa spokesman in the UK, Peter Middleton, denied these reports to CNN, saying the carrier was in good underlying shape.

    Reuters quoted the spokeswoman as saying job cuts would initially affect staff still in their probationary period but other measures such as putting staff on short time shifts would also be implemented.

    "If that isn't enough, then compulsory redundancies will be necessary," she said.

    Lufthansa has been in talks with unions since October about how to cut costs. Talks with one service industry union, Verdi, stalled over the weekend.

    A spokesman for pilots union Vereinigung Cockpit said it was meeting management later on Tuesday to continue similar discussions. graphic

      RELATED SITES

    Lufthansa





    graphic

    Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
    Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
    graphic