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Lufthansa to cut administrative costs by 15%

21-Sep-2009 12:45 PM

Lufthansa reportedly plans to cut administrative costs by 15% by the end of 2011, including a 5% cut in costs in personnel costs at its Cologne headquarters (AP/DPA, 20-Sep-2009). The cuts are distinct from a plan announced in Jul-2009 to eliminate 400 administrative positions.