[ad_1]
MANILA – Lufthansa Technik Philippines said on Friday it will cut 20 percent of its workforce, or 300 employees, and said it has no choice but to downsize amid the impact of the pandemic on the aviation industry.
Lufthansa, which maintains, repairs and reconditions the aircraft of the carriers operating in the country, said its “readjustment program” would be carried out in 2 phases: first by voluntary separation, then by downsizing, if necessary.
Some 2,700 will remain after the layoffs.
“This decision comes after careful study and consideration of the business situation as a result of the pandemic and its effects on the aviation industry,” LTP President and CEO Elmar Lutter said in a statement.
He said the layoffs would be “temporary until our industry fully recovers,” and that future rehires would prioritize outgoing workers.
The company will offer packages consistent with the standards set by the Department of Labor and Employment, he said.
The aviation industry was severely affected by border closures during the pandemic.
Major airlines such as Philippine Airlines, Cebu Pacific and AirAsia Philippines each had their share of employee cuts, with PAL laying off 2,300 workers, Cebu Pacific 800 workers and AirAsia about 264.
Roberto Lim, vice president of the Philippine Air Carriers Association, previously noted the need to implement measures such as emergency loans and government credit guarantees to help aviation companies recoup losses from the pandemic.
RELATED VIDEO
Lufthansa Tecknik Philippines, Lufthansa Philippines, Lufthansa PH, Lufthansa, aviation, job cuts, pandemic impact, pandemic effect, COVID-19 pandemic impact, coronavirus pandemic impact, COVID-19, coronavirus, unemployment, air travel, PAL, Cebu Pacific , AirAsia, ACAP, Association of Air Carriers of the Philippines
[ad_2]