Lufthansa airlines to slash leadership, cut 1,000 administrative jobs

Germany's Lufthansa airlines will cut 20% of its leadership positions and 1,000 administrative jobs in a restructuring plan that it announced on Tuesday to cope with fallout from the coronavirus crisis.

Lufthansa Group, which employs about 138,000 people, said it would also halve its investment in new aircraft, although it said that meant it could still add up to 80 new planes by 2023.

Shareholders backed a 9 billion euro ($10.2 billion) government bailout last month, securing the future of Germany's flagship carrier after it was brought to the brink of collapse by the travel slump caused by the pandemic.

Lufthansa said on