Lufthansa agrees on short-time work.
Highlights:
* More than 27,000 employees of
* Agreements applies to cockpit, cabin and ground staff
* Agreement with pilots union 'Vereinigung Cockpit' pending
* The Supervisory Board, Executive Board and Management have voluntarily waived part of their salary
Lufthansa has signed agreements with its works council and trade unions to introduce short-time working for cabin and ground staff in
The extent of reduced working hours is determined for employees depending on the loss of work and can be up to 100 percent. For some of the employees, reduced working hours began retrospectively in
'With short-time working, we want to secure jobs of our employees in these difficult and unusual times. Our goal remains trying to avoid redundancies. The agreement of short-time work is an essential prerequisite for this. We will have to constantly review the economic parameters,' says
Based on the current agreements, Lufthansa for the time being is increasing the short-time working allowance up to 90 per cent of the net salary lost through short-time working. How long
In solidarity with all employee groups, the Lufthansa Supervisory Board, Executive Board and Management will also participate in the measures. The members of the Supervisory Board have voluntarily waived 25 percent of their compensation, the members of the Executive Board have waived 20 percent and managers not affected by short-time working have waived between 10 and 15 percent of their monthly basic compensation. The voluntary waiver of remuneration for the Supervisory Board, board members and all managers in
The proposal to discontinue the dividend for the 2019 financial year will further help in securing liquidity of
More than 30 companies in the
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