Germany-based Lufthansa Technik (LHT) plans to cut 700 of 2,000 jobs at its engine maintenance, repair and overhaul (MRO) unit as new engine types become more efficient. The job cuts will happen mainly by early retirements over the next five to eight years, which was agreed to by labor union Verdi. LHT said it did not plan forced redundancies. In return, Lufthansa will invest €80 million ($86.4 million) to overhaul the latest generation of aircraft engines and secure engine MRO ...

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