Lufthansa Technik to cut 700 engine overhaul jobs

Credit: Kurt Hofmann
Germany-based Lufthansa Technik (LHT) plans to cut 700 of 2,000 jobs at its engine maintenance, repair and overhaul (MRO) unit as new engine types become more efficient. The job cuts will happen mainly by early retirements over the next five to eight years, which was agreed to by labor union Verdi...

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