Lufthansa said the majority of the job cuts will take place in Germany and by 2030, targeting managers rather than operations.
The group, which employs around 103,000 people, includes Eurowings, Austria, Switzerland, Brussels Airlines and the recently acquired Italian flagship airline ITA Airways.
Germany has faced a recession for the second year in a row, with unemployment rates reaching 10 years high.
The recession is struggling with some of the country’s corporate giants, narrowing down China’s competition, high energy costs and slow adoption of new technologies.
Lufthansa’s announcement comes just days after another major German company, industrial giant Bosch, said it would cut 13,000 jobs, or 3% of the global workforce.
“The Lufthansa Group is reviewing what activities will no longer be needed in the future due to duplication of work, for example,” the company said in a statement.
“In particular, the deep changes brought about by digitization and the increased use of artificial intelligence will lead to increased efficiency in many areas and processes,” he said.
Lufthansa set new financial targets in 2028-2030, including an adjusted operating margin of 8-10%.
MA/PR