ATW Daily News

Monday February 2, 2009

Lufthansa Cargo reached an agreement with labor representatives to reduce hours for 2,600 employees in Germany. A final deal will be signed "as soon as possible," the company said. "After scaling back our freighter capacities, flexible adjustment of staffing capacities has become inevitable in the company's present situation. We are nevertheless confident that we will be able to safeguard all jobs at Lufthansa Cargo," Chairman Carsten Spohr said. December tonnage fell 21.4% year-over-year and this year will be "challenging," he admitted.

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