Lufthansa Cargo will cut more than 400 jobs and has extended reduced work hours for ground staff imposed in March 2009 through Feb. 28, 2011. "We suffered steep losses in revenue and tonnage last year, the worst in the history of Lufthansa Cargo," a spokesperson told Bloomberg News. "When you see that kind of drop, capacity has to be adjusted accordingly." LHC added that the job cuts, equivalent to around 10% of its workforce, would be achieved entirely through voluntary early retirement and ...

Subscribe to Access this Entire Article

"Lufthansa Cargo to cut workforce, extend reduced hours for ground staff" 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? ATWPlus@penton.com.