💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Lufthansa to firm up details of staff shake-up by end-August: board member

Published 06/01/2018, 09:34 AM
Updated 06/01/2018, 09:40 AM
© Reuters. FILE PHOTO: Flags with the German airline Lufthansa sign flutter next to the office building in Frankfurt
LHAG
-

FRANKFURT (Reuters) - German airline Lufthansa (DE:LHAG) will firm up details of its planned staff shake-up by the end of August, management board member Bettina Volkens told German weekly WirtschaftsWoche.

"We are currently talking about that with labor representatives ... Details should be decided on at the end of August," the magazine quoted her as saying in an interview published on Friday.

Lufthansa is seeking to take on staff with new skills to make itself fit for the digital age and is planning to make offers to 3,200 older administrative staff at its namesake brand to either undergo training, switch to another position internally or leave the company.

"We are ruling out compulsory redundancies, but not voluntary ones," Volkens said.

At the same time, Lufthansa is looking to bring in 200 new workers.

© Reuters. FILE PHOTO: Flags with the German airline Lufthansa sign flutter next to the office building in Frankfurt

"This is not primarily about IT skills but about a cultural shift. Analytical and social competencies, such as the ability to work in virtual, international teams or to deal with complexity and agility, are at the foreground for me," she said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.