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 ...

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