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Lufthansa is planning massive job cuts – what does that mean for AUA?
Lufthansa is planning job cuts on September 29th; Austrian Airlines and Vienna Airport are also affected. Risks and opportunities at a glance.
Lufthansa is planning massive job cuts – what does that mean for AUA?
There is currently a lot of speculation in the aviation industry, and not without reason: on Monday, September 29th, Lufthansa is planning to cut thousands of jobs, according to German media reports. This news not only makes the workforce in Germany sit up and take notice, but also has possible effects on the subsidiary Austrian Airlines (AUA). However, the exact circumstances are still unclear as AUA has not yet wanted to comment on the reports. Vienna Airport could also be affected by the changes, which brings additional uncertainty for the employees working there. MyDistrict reports on the tense developments.
Concerns about planned job cuts affect not only AUA, but also the entire Lufthansa Group, which employs a total of around 103,000 people. Around 6,000 people work at AUA, including around 5,000 in operations and 1,000 in administration. The planned job cuts also come at a time in which the shortage of skilled workers is putting a strain on the aviation industry as a whole. Vol.at refers to the worrying uncertainty that employees now have to live with.
Economic framework conditions and their effects
These developments are not only an internal matter for Lufthansa, but they also affect external economic conditions. The Lufthansa Group is increasingly confronted with increased employee fluctuation, which can be explained not least by intense competition and a persistent shortage of skilled workers. Increased job insecurity could also have negative consequences for the airline's brand value, as outlined in a report by Lufthansa Group. Lufthansa Group shows that a strong corporate culture and measures for work-life balance are necessary to overcome the challenges and strengthen employee loyalty.
In order to achieve these goals, the Lufthansa Group relies on flexible working conditions to increase its attractiveness as an employer. Initiatives to promote diversity, equality and inclusion will also be brought to the fore. These measures aim to reduce absenteeism and improve overall satisfaction among employees. Finally, this could also reduce recruitment costs, which would be a significant advantage in times of change.
The coming weeks will show how the situation develops and whether the planned savings will actually have an impact on the AUA and Vienna Airport. At a time when economic stability is not only desirable but necessary, one can only hope that the affected employees do not have to suffer from the changes.