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German carrier, Lufthansa will be cutting nearly 30,000 jobs this month and 10,000 jobs in early 2021.
The first round of layoff will be outside of Germany and in the next round close to 10,000 jobs will be lost within Germany.
Lufthansa also plans to sell its catering unit LSG this month, that will shed 7,500 jobs
In October, Lufthansa Group warned its 130,000 employees about the job losses and said “job losses were necessary to cut costs and ride the travel downturn out”
The airline group which includes Lufthansa, SWISS, Austrian, Brussels Airlines, and Eurowings., is reportedly bleeding US$14.5 million per day.