Lufthansa Group is reportedly planning to cut costs by renegotiating its pension payment contracts for around 60,000 employees, who will be informed this week. “We have to adjust the current [pension payment] system to secure long-term financing of the pension payment contracts,” Lufthansa head of media relations Christoph Meier told ATW in Frankfurt. “The system is based on low interest rates based from 1994.” He added that, in the current environment, low ...

Subscribe to Access this Entire Article

"Reports: Lufthansa renegotiating pension payment contracts for 60,000 employees" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.