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Published February 12, 2021, 10:00 AM
Lufthansa Technik Philippines (LTP) will be implementing a Rightsizing Program that will reduce the size of its workforce by 300 which brings it to 2,700 or 20 percent lower than pre-pandemic level.
In a statement, LTP President and CEO Elmar Lutter said the decision came after careful study and consideration of the business situation as a result of the pandemic and its effects on the aviation industry.
(Photo credit: https://www.lht-philippines.com/documents/)
The Rightsizing Program, similar to other programs implemented in the past year, aims to secure the fiscal health of the company to tide it through this critical period, and is considered temporary until our industry fully recovers.