Lufthansa announces cost savings program over coronavirus outbreak

BERLIN (Reuters) – Germany’s largest airline Lufthansa announced a cost savings program on Wednesday, including a suspension of new recruitment, to counter the business impact of the coronavirus outbreak.

“Among other things, all new hires planned for the airline … will be reassessed, suspended or deferred to a later date,” the company said in a statement https://bit.ly/2HT6e19, adding it was offering staff unpaid leave.

Lufthansa said it was impossible to estimate the impact of the measures on its earnings.

(Reporting by Thomas Seythal, editing by Emma Thomasson)