Austrian Airlines plans to cut 500 jobs to reduce costs: source
Austrian Airlines, owned by Germany’s Lufthansa, plans to lay off around 500 staff as part of efforts to reduce annual costs by about E100m, a person familiar with the plan said Monday. The carrier has faced increasingly stiff competition from low-cost carriers including easyJet, Wizz Air and Ryanair’s Laudamotion on short-haul routes out of its base, Vienna. The plan to reduce costs is due to be officially announced on Thursday, when Lufthansa publishes its third-quarter results. Austrian Airlines declined to comment. Austrian media reported the cost-cutting plan last week. Austrian Airlines now has just over 7,000 employees, roughly 1,200 more than after the last round of job cuts in 2012.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-11-05/star/austrian-airlines-plans-to-cut-500-jobs-to-reduce-costs-source
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Austrian Airlines plans to cut 500 jobs to reduce costs: source
Austrian Airlines, owned by Germany’s Lufthansa, plans to lay off around 500 staff as part of efforts to reduce annual costs by about E100m, a person familiar with the plan said Monday. The carrier has faced increasingly stiff competition from low-cost carriers including easyJet, Wizz Air and Ryanair’s Laudamotion on short-haul routes out of its base, Vienna. The plan to reduce costs is due to be officially announced on Thursday, when Lufthansa publishes its third-quarter results. Austrian Airlines declined to comment. Austrian media reported the cost-cutting plan last week. Austrian Airlines now has just over 7,000 employees, roughly 1,200 more than after the last round of job cuts in 2012.<br/>
