Thursday, September 18, 2025
24.2 C
Lagos

Lufthansa Cargo to Off-load 800 Staff

German-based Lufthansa Cargo is planning to cut around 700-800 employees in order to reduce its costs and be able to compete more efficiently with cargo carriers from the Middle East.

Currently, Lufthansa Cargo employs around 4,600 workers around the world. It’s representative stated that the company plans to cut 450-500 jobs in Germany, mainly through retirement, while another 250-300 positions will be reduced in foreign countries in the coming years.

The company spokesperson stated: “These job cuts will be as socially acceptable as possible. Working with our co-determination partners, we will prepare the implementation of these cost measures over the coming months and provide our company with a new, leaner organisational structure which is based on our customers’ needs.”

The announcement comes after the Lufthansa Cargo reported a loss of €19 million in the first quarter of 2016. By reducing is workforce, the company expects to cut its costs by €80 million.

spot_img
spot_img

Hot this week

Designing the Future: Arc Christian Benimana, Prof Taibat Lawanson to Headline Ecobank Design and Build 2025

Ecobank Nigeria has announced that celebrated architect Arc. Christian...

Sovereign Trust Insurance Wins Enactus Catalyst Award

From L-R: Victor Akinfala, Head Partnerships & Special Projects,...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

Universal Insurance MD/CEO, Jeff Duru, Bags CIBN Associate Membership

  Dr. Jeff Duru Managing Director/CEO Universal Insurance Plc The Managing Director/CEO of...

Sterling One Foundation CEO, Olapeju Ibekwe, Joins Board of UN Global Compact Network Nigeria Ahead of UNGA 80

    Olapeju Ibekwe, Chief Executive Officer of Sterling One Foundation,...

Topics

NEM Insurance Plc AGM 2023

  From left: Group Managing Director/CEO, NEM Insurance Plc, Mr....

Esther E. Okafor, Renowned Educationist, Author for Burial Jan 4

The remains of renowned educationist and author, Mrs. Esther...

‘Africa Holds the Ace in 5G Investment’– NCC EVC

With a large number of 3.7 billion global unconnected...

Recession: MainOne Keeps Nigerian Businesses Profitable with Data/Cloud Solutions

For companies in Nigeria currently battling the recession, the...

Ecobank Digital Channels: ‘Best Bet to Enjoy Safe, Convenient Digital Banking’

Ecobank advises its customers to utilise the bank’s digital...

Banks Leveraging Digital Tech to Drive Customer Satisfaction – Akinwuntan

Mr. Patrick Akinwuntan Managing Director/CEO Ecobank Nigeria Chairman of the Chartered Institute...
spot_img

Related Articles

Popular Categories

spot_imgspot_img