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Lufthansa Cuts 4,000 Jobs Amid German Economic Slump

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Lufthansa Cuts 4,000 Jobs,

Lufthansa Cuts 4,000 Jobs, citing Germany’s economic slump and rising automation. Layoffs target admin roles across group airlines by 2030.

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Lufthansa Cuts 4,000 Jobs across its group operations, the airline announced on Monday, citing ongoing economic difficulties in Germany and a strategic shift toward digital efficiency.

Also read: Why Nigeria Holds a Special Place in the World

The cuts represent nearly four percent of the airline group’s workforce and will affect mainly administrative roles, with the majority of layoffs expected in Germany by 2030.

The Lufthansa Group, which includes carriers like Eurowings, Swiss, Brussels Airlines, Austrian Airlines, and recently acquired ITA Airways, currently employs around 103,000 people globally.

“This is not about operational staff, but about streamlining structures and eliminating duplicated administrative work,” the group said.

Lufthansa linked the restructuring to advancements in digitalisation and artificial intelligence, which it claims will increase efficiency across several departments.

Germany is in the midst of its second consecutive year of recession, with unemployment rates at a ten-year high.

The economic strain, driven by rising energy costs, sluggish digital adaptation, and mounting Chinese competition, has begun to affect even the country’s strongest corporate players.

Just days earlier, German industrial giant Bosch announced it would slash 13,000 jobs, further highlighting the difficult climate facing Europe’s largest economy.

As part of its long-term planning, Lufthansa also unveiled new financial goals for the 2028–2030 period, aiming for an adjusted operating margin of 8 to 10 percent, reflecting a more cost-conscious and tech-driven future.

Also read: Adewale Tinubu Bags 2025 MIPAD Man of the Year Honour

The move is being closely watched by analysts, with many expecting other major European carriers to follow suit as industry trends shift toward automation and leaner operational models.

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Tinubu Vows to Revive Nigeria’s Dormant National Refineries

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President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.

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Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.

The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.

“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.

“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”

The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.

The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.

Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.

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NNPC Records ₦7.2tn Profit as Tinubu Receives 2025 Report

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Tinubu receives NNPC’s 2025 audited report as profit after tax rises 33% to ₦7.2tn, with revenue reaching ₦34.5tn and dividend at ₦5.8tn (more…)

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AICL GMD Tamuno Seeks Stronger Diaspora Investment

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AICL GMD Maureen Tamuno calls for stronger diaspora investment in Africa through trust, transparency, skills transfer and sustainable partnerships

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