Lufthansa to announce thousands of job cuts on Monday

Lufthansa is expected to announce several thousand job cuts on Monday at its first company-wide capital markets day in six years, according to two sources close to the matter, as it seeks to show the market its commitment to increasing efficiency.

The group had two profit warnings in 2024 as it struggled with labour-related challenges and rising costs. It promised investors it would implement an ambitious turnaround programme in the coming years.

The airline group intends to reduce its administrative staff by 20% in the coming years, the two sources said, although the exact number of redundancies is being determined.

The sources spoke on condition of anonymity because of the sensitivity of the matter.

Lufthansa declined to comment.

Any redundancies would impact the whole group, not just the core airline, a third source with knowledge of the talks said.