CEO Of Lufthansa’s Unit Swiss Says They Could Announce More Job Cuts In The Second Quarter

Listen to this Article Now

Writer: Amewunoo Walter

GITFIConline.com

The Chief Executive Officer for Deutsche Lufthansa’s unit Swiss, Dieter Vranchkx has indicated that they could announce additional job cuts in the second quarter as the pandemic crimps air travel.


The company has about 9,000 staff as they announced 1,000 job cuts last October through attrition over two years.

Speaking to Swiss newspaper SonntagsBlick, he stated that out of the 1,000 positions they announced they were able to complete 500 of the job cut through the end of 2020.


Dieter Vranchkx added that they’re in the middle of analysis as he claims the additional potential positions they will cut can only be answered in the second quarter.


Due to the outbreak of the Covid-19, Swiss is expecting less business travel in the future as companies are likely to use more video conferencing than in-person trips.


The Chief Executive Officer said that Switzerland’s 1.5 billion Swiss francs ($1.60 billion) state credit guarantee for the airline is currently sufficient noting it’s enough as planes flying are now profitable and cargo business has grown insignificance.