BERLIN (Reuters) – Lufthansa could have shed 29,000 employees by the tip of the yr and the German airline will minimize one other 10,000 jobs in its house nation subsequent yr because it struggles to deal with the coronavirus, a newspaper reported on Sunday.

The airline and its subsidiaries, Eurowings, Swiss, Austrian and Brussels Airways, have slashed their schedules, fleet and employees, with air journey not anticipated to get well to pre-pandemic ranges earlier than 2025.

Citing unnamed firm sources, the Bild am Sonntag newspaper mentioned that Lufthansa would minimize 20,000 jobs exterior of Germany, whereas it’s also promoting its catering unit LSG, which employs 7,500 individuals, bringing the entire employees right down to 109,000.

Subsequent yr, an extra 10,000 jobs shall be minimize in Germany. It has already burned via Three billion euros ($3.64 billion) of the 9-billion-euro authorities bailout it secured earlier within the yr, the paper mentioned.

Lufthansa has 27,000 too many full-time equal employees, Chief Govt Carsten Spohr mentioned final month, even because the airline promised unions to not make compelled redundancies in return for cuts to bonuses and different funds.

A deal to chop prices and save jobs at Lufthansa has gained the help of a majority of the Verdi commerce union members who work for the German airline as floor employees, in accordance with the outcomes of a poll seen by Reuters on Friday.

A proper announcement is anticipated on Monday.

The take care of Verdi adopted months of on-off talks, throughout which the union accused administration of searching for to chop jobs even after taking a bailout to maintain its planes flying.

($1 = 0.8251 euros)

(Reporting by Emma Thomasson; Modifying by Chizu Nomiyama)