Austrian Airlines expects company to be 20% smaller in 2022: CEO
ZURICH: Austrian Airlines expects its business to end up a fifth smaller by 2022 and to have cut the number of its employees by around 1,100 from 7,000 currently, the head of the Deutsche Lufthansa subsidiary told a newspaper.
Austria has agreed a 450 million euro ($506 million) bailout for the group that will protect Vienna as a transit hub and safeguard “the bulk” of the flag carrier’s jobs, the government said on Monday.
“Our goal is 80% of the former size of the company in 2022, which from today’s perspective would mean 1,100 employees too many,” Alexis von Hoensbroech was quoted as saying by Der Standard when asked about job cuts.
