AUA: Time Pressure Grows

TransportAirlines & Airports ♦ Published: February 21, 2012; 16:07 ♦ (Vindobona)

Only eight days are left for the management of Austrian Airlines to agree on a new collective agreement with the employees. An acceptable solution for both sides may be barely found.

AUA: Time Pressure Grows / Picture: © Wikimedia Commons / Alf van Beem, CC0

In order to fulfill the austerity plan given by the holding company Lufthansa, CEO Jaan Albrecht must reduce expenses by € 220m in 2012. The biggest and most complicated part in Albrecht´s agenda is the reduction of personnel costs. Otherwise, a cost explosion threatens. Due to salary increases, savings realized in 2010 are already completely offset.

Lufthansa, which has…