Home News Lufthansa Cargo plans to cut 2010 staff by 10%

Lufthansa Cargo plans to cut 2010 staff by 10%

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FRANKFURT (Dow Jones) – Lufthansa Cargo AG, Frankfurt, reacts back on the impact of the global economic crisis and wants in current year to reduce its headcount by 10%. He would, however, be no compulsory redundancies, said the financial and Human Resources Director Peter Gerber in an interview with the newspaper group "Lufthanseat.
The cargo subsidiary of Germany’s largest airline sit there "fully" on the principle of voluntariness. Would be offered early retirement and part-time arrangements, Special leave and severance packages. Affected by this action were some 450 Employees. Lufthansa Cargo said he was confident the plan by end 2010 close them. The demand for the offering is very high, Cargo spokesman said a Dow Jones Newswires on Tuesday on request.
The freight company has in the past year due to the Economic crisis and the resulting high demand weakness Declines in revenues, profit and transport volume recorded.

   

Website: www.lufthansa-cargo.de

- By Kirsten Dulepov, Dow Jones Newswires
+49 (0) 40 3574 3116, kirsten.bienk @ dowjones.com

DJG / kib / kla
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(END) Dow Jones Newswires

February 16, 2010 08:49 ET (13:49 GMT)

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