Lufthansa to Cut 4,000 Jobs by 2030

German airline Lufthansa Group plans to cut 4,000 jobs, according to local media reports on September 29 (local time).

Lufthansa announced that it will digitize and automate its work processes, reduce its workforce by this number by 2030, and raise its operating margin target from the current 8% to 8-10%.

According to the business daily Handelsblatt, which cited company sources, most of the job cuts will affect management positions, and as many as 2,000 jobs are expected to be eliminated in the IT department alone. As of the first half of this year, Lufthansa Group employs 103,000 people worldwide.

Carsten Spohr, Chief Executive Officer (CEO), recently stated that the company needs to reduce administrative costs by 20% and expressed his intention to carry out restructuring.

Lufthansa Group, together with Air France-KLM, is one of the two largest airline groups in Europe. Centered around Lufthansa, the group includes Eurowings, Swiss International Air Lines, Austrian Airlines, and Brussels Airlines.

In January of this year, the company acquired a 41% stake in the Italian state-owned airline ITA, making it an affiliate. In accordance with an agreement with the Italian government, Lufthansa plans to increase its stake to 90% by next year.