German airline Lufthansa has stated that it could not rule out compulsory redundancies as part of its cost cutting drive. The airline is seeking to improve profits by €1.5 billion so some cuts are likely. A spokesperson said: "Lufthansa has a tradition of dealing with employees in a fair way when it comes to job cuts but we cannot rule out compulsory redundancies.”
Other cost-cutting measures include cutting some first-class services on intercontinental routes and renegotiating airport fees.
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