Lufthansa CEO suggests all staff work less instead of job cuts – ZAWYA

Lufthansa CEO suggests all staff work less instead of job cuts – ZAWYA

Lufthansa CEO suggests all staff work less instead of job cuts Lufthansa CEO suggests all staff work less instead of job cuts | ZAWYA MENA Edition HomeEconomyArticleLufthansa CEO suggests all staff work less instead of job cuts Persuading unions to agree to cutting working time and salaries for all employees    German airline Lufthansa CEO Carsten Spohr poses next to a Lufthansa Airbus A350-900 after the baptism of the 10th Lufthansa A350 to the name "Erfurt", at Munich airport, Germany July 30, 2018. REUTERS/Michaela Rehle BERLIN- Lufthansa shares jumped as much as 20% on Thursday after its top shareholder dropped his objections to a 9 billion euro ($10 billion) government bailout for the German airline brought to the brink of collapse by the COVID-19 pandemic."I will vote for the proposal," billionaire investor Heinz Hermann Thiele, who recently increased his stake in Lufthansa to 15.5%, told the Frankfurter Allgemeine daily on Wednesday. His endorsement amounts to an 11th-hour reprieve for Germany's flagship airline after fears had swirled he might veto the proposed rescue, which will see the government take a 20% stake and board seats, diluting existing shareholdings."I will vote for the proposal," billionaire investor Heinz Hermann Thiele, who recently increased his