Business AUA cuts 1,100 jobs - without bankruptcy savings program...

AUA cuts 1,100 jobs – without bankruptcy savings program – economy –

Austrian Airlines cuts 1,100 jobs

At AUA (Austrian Airlines) the week after next must have a plan of how the airline will survive. Negotiations take place practically every day. Like many other airlines, government support is needed. Hard times are ahead for the workforce. Working as short as possible should be as long as possible. Nevertheless, 1,100 of the 7,000 jobs are to be cut by 2023, and fees will decrease by 13 percent.

The Supervisory Board of the Austrian Lufthansa subsidiary met until late in the evening on Wednesday. The management reported very extensively about the negotiations and the liquidity situation, it said after the APA meeting. The supervisory board had encouraged the management board to pursue its restart plan with all its might. The airline, which was hit hard by the corona crisis, wants to come out of the corona crisis shrunk by a quarter, supported by government grants and guarantees. At the same time, however, the board was asked today to prepare the company for “alternative scenarios”. What is reported to mean that the path would lead to orderly bankruptcy should planned cost cuts not be realized.

The AUA rescue is currently being negotiated until late into the day. The Republic is hoping for loan guarantees and capital. An average of 20 percent discounts are expected from the airport and Austro Control. The week after next, by May 18 at the latest, a business plan must be available that will also convince the auditors.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

New death in the province of a patient with Covid: it was registered in Paraná – Paraná

This is a 40-year-old man who had been referred from a Regional Reference Center in Paraná and had been...

Heerenveen crashed hard in friendly match against De Graafschap | NOW

sc Heerenveen suffered a sensitive defeat on...

Walmart, Falabella? Who wins and who loses with the Cencosud-Cornershop agreement

Cencosud gave the hit yesterday by announcing a strategic alliance with Cornershop, the delivery app that was acquired by...

Coronavirus in Italy, 629 new cases and 4 deaths in the last 24 hours

In Italy, since the start of the coronavirus epidemic, at least 253,438 people (+629 compared to yesterday,...

The Issste Family Medicine Clinic more than doubled

Diana CastanedaLatin Agency for News of Medicine and Public HealthHe human papillomavirus (HPV) it is one of the most...

You might also likeRELATED
Recommended to you