Lufthansa Cuts 4,000 Jobs by 2030

Lufthansa, the German airline group, announced plans to cut 4,000 jobs, primarily administrative roles in Germany, by 2030. This strategic move aims to reduce costs and enhance efficiency through digitalization and the increased use of artificial intelligence. The decision comes amidst Germany's second consecutive year of recession, high unemployment, and rising operating costs, which have also led other major German companies like Bosch (company) to announce significant job reductions. Lufthansa, which operates airlines including Lufthansa — Eurowings, Ethiopian Airlines, Lufthansa — Swiss International Air Lines, Brussels Airport, and recently acquired ITA Airways, is also undertaking its largest fleet modernization. Despite strong demand for air travel, the company's profitability has lagged behind rivals like International Airlines Group and Air France–KLM, prompting these measures to achieve an adjusted operating margin of 8% to 10% by 2028-2030. Trade union Giuseppe Verdi has vowed to fight the cuts.