Lufthansa to lay off 4000 employees by 2030, but aims to add over 230 aircraft

German airline group Lufthansa announced on Monday that it will cut 4000 jobs at administrative level by 2030 and set higher profit margins as it wants to become more efficient via digitalisation and automation, a Reuters report said. The news led to a boost in investor confidence, as the company’s shares rose by 2% in early trading on Monday.