FRANKFURT
Deutsche Lufthansa AG said Monday it needs to save money at its headquarters' administration and will cut about 270 of about 1,800 administrative jobs over the next three years.
The Cologne-based company initially said in July it had to react to lower demand for passenger and freight service and that it would cut about 400 jobs at the passenger airlines' administration.
Furthermore, the company wants to initiate widespread cost savings programs across the passenger division. As a result, Lufthansa said it will probably cut some short-haul flights at its Cityline and Eurowings subsidiaries next year.
Shares of Lufthansa were about 1 percent lower at euro12 ($18) in Frankfurt afternoon trading.
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