Lufthansa to cut 3,500 jobs in cost-cutting drive

Deutsche Lufthansa , Germany's biggest airline, announced plans to slash 3,500 administrative jobs around the world as it tries to return to profitability. "We can only safeguard jobs for the long ...

FRANKFURT (Reuters) - Deutsche Lufthansa AG said it was still evaluating how many jobs it would cut in a cost-reduction program after a newspaper reported Germany's biggest airline planned to slash about 3,000 administrative staff. German mass-circulation paper Bild earlier reported that Lufthansa planned to cut half of a total of 6,000 administrative jobs around the world, with 1,500 jobs to go in Frankfurt. The remaining administrative jobs are to be moved to a new business unit, with longer working hours and less pay, the paper said, citing an internal document. ...

FRANKFURT (Reuters) - Deutsche Lufthansa named Simone Menne as its new chief financial officer on Monday, appointing the first female CFO at a German blue-chip company and picking a company insider to replace Stephan Gemkow. Menne, 51, will assume office on July 1 and her contract will run through June 30, 2015, Germany's biggest airline said a day ahead of its annual shareholders' meeting. ...

FRANKFURT (Reuters) - Deutsche Lufthansa AG said it was still evaluating how many jobs it would cut in a cost-reduction program after a newspaper reported Germany's biggest airline planned to slash about 3,000 administrative staff.

FRANKFURT (Reuters) - German airline Air Berlin , part-owned by Abu Dhabi-based carrier Etihad, plans to cut almost 10 percent of its workforce of 9,300 as part of a cost-cutting campaign aimed at halting years of losses. Air Berlin, Germany's second-biggest airline after Lufthansa , said on Tuesday its new restructuring program announced in October would seek annual savings of 400 million euros ($535 million) from the end of 2014. ...

BERLIN (Reuters