Lufthansa To Cut 22,000 Jobs Amid The Pandemic

The coronavirus pandemic has significantly reduced demand for air travel, prompting Lufthansa to cut 16% of its workforce and operate 100 fewer planes. Half of the job cuts will occur in Germany. The airline grounded most of its fleet in March and has implemented shorter working hours for many employees. Lufthansa has agreed to a $10 billion bailout deal, granting the German government a 20% stake in the company. The deal awaits approval from shareholders and the European Commission.

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