Lufthansa has applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, a spokesman said on Friday, as Germany's flagship carrier has slashed flights due to the coronavirus outbreak.
FILE PHOTO: Airplanes of German carrier Lufthansa are parked on the tarmac as air traffic is affected by the spread of the coronavirus disease , in Frankfurt, Germany, March 23, 2020. Arne Dedert/Pool via REUTERS/File PhotoBERLIN: Lufthansa has applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, a spokesman said on Friday, as Germany's flagship carrier has slashed flights due to the coronavirus outbreak.
Short-time work is a form of state aid that allows employers to switch employees to shorter working hours during an economic downturn to keep them on the payroll. It has been widely used by industry, including Germany's car sector.The spokesman said Lufthansa had not yet applied for state aid but was in talks with various banks and authorities about what kind of help would be possible if the airline needed it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia lockdown: Temporary housing support for Malaysian workers will not be extended beyond March 31, says MOMSINGAPORE — Temporary housing support for Malaysian workers here will not be extended beyond March 31, said the Ministry of Manpower (MOM) on Wednesday (March 25) after Malaysia extended its national lockdown until April 14.
Source: TODAYonline - 🏆 1. / 99 Read more »
Deutsche Bank readies government short-time work program amid coronavirus outbreakDeutsche Bank is laying the groundwork for taking advantage of a government-run short-time work scheme for some of its employees in Germany as it ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Volkswagen urges ECB to buy short-term debt to stabilize markets: FTVolkswagen's chief financial officer called on the European Central Bank (ECB) to accelerate purchases of short-term debt, the Financial Times ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Senate bill set to give aviation sector up to US$33 billion bailout: sourcesU.S. airlines would receive direct grants and would not be able to lay off employees for a set time under the coronavirus relief legislation ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coronavirus: Lower- to middle-income Singaporeans suffering income loss can apply for aid from April 1SINGAPORE - Those who have been financially affected by the coronavirus outbreak through losing their jobs or income will be able to apply for a one-time cash assistance of $500 from April 1.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
MOH warns of scammers impersonating its employees, COVID-19 contact tracing teamsSINGAPORE: The Ministry of Health (MOH) said it was aware of scammers using automated voice calls or impersonating its staff members and COVID-19 ... Spell check
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »