Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

500 jobs
Number of planned job losses
Job loss
Announcement Date
18 November 2008
Employment effect (start)
18 November 2008
Foreseen end date
31 December 2010

Description

On 18 November 2008, the airline Cityline announced that it would cut around 500 jobs by 2010. A company spokesperson explained that Cityline business was not profitable. Therefore the current workforce of around 2,500 staff is to be reduced by approximately 20%. The fleet will lose 14 jets. Cityline is a Lufthansa affiliate for which it serves European destinations.


Sources

  • 18 November 2008: Handelsblatt

Citation

Eurofound (2008), Cityline, Internal restructuring in Germany, factsheet number 67437, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67437.