Lufthansa Says 22,000 Jobs Could Go in Costs Purge

Lufthansa Says 22,000 Jobs Could Go in Costs Purge

Deutsche Lufthansa AG revealed the full extent of potential job losses, saying cost cuts and moves to shrink the fleet will leave it with a surplus of 22,000 full-time positions.. Lufthansa Chief Executive Officer Carsten Spohr said last week that he was working on plans to slash expenses and sell assets in order to adjust to a shrunken travel market and repay a 9 billion-euro ($10 billion) bailout from the German government.. Lufthansa said the job cuts will reflect plans to shrink the fleet by 100 aircraft, a measure Spohr had said previously could double losses from the 10,000 originally mooted.. Qatar Cuts Pay for Foreign Employees Working for Government.