Categories: Business

Airlines – Condor and Austrian Airlines from economy

The holiday airline Condor will emphasize, in the words of company boss Ralf Teckentrup, due to the corona crisis, up to 25 percent of its jobs. That would be up to 1000, said Teckentrup the Frankfurter Allgemeine Sunday Newspaper. He expressed the view that the Corona of a pandemic-related crisis in the air travel industry will take until 2024. Condor is held by around half a billion euros in financial assistance from the state alive. Also, the Corona-crisis hard-hit Lufthansa subsidiary Austrian Airlines, wants to cut jobs. By 2022, the workforce will be reduced from currently 7000 employees around 1100, said CEO Alexis von Hoensbroech of the Austrian newspaper The Standard. The airline plane short-time work for two years. In this period, the dismissals are not possible. Then, the removal can be managed largely through normal staff turnover, so Hoensbroech. Also, Austrian Airlines receives state money; Austria granted crisis aid of more than 450 million euros.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

AgriFi Blockchain Farm: Where AI, IoT, and DeFi Grow the Future of Agriculture Finance

Where Farmland Meets Blockchain, and Data Drives Yield: A New Blueprint for Sustainable AgriTech and…

2 hours ago

Bitcoin Bulls Bet on Fed Rate Cuts to Ignite Next Rally

Bitcoin investors are watching the Federal Reserve closely as speculation grows that a rate cut…

12 hours ago

Al Marwan Developments Leads UAE Economic Diversification With District 11’s Cutting-Edge Commercial Smart City Infrastructure

Dubai, UAE, 14th September 2025, District 11, the visionary 3.5 billion AED smart work resort development by…

1 day ago

Sandford Blair Capital Poised to Capitalize on Oracle’s AI-Cloud Breakthrough

Oracle’s Fiscal Q1 2026: A Landmark Quarter Lier, Flanders, 12th September 2025, ZEX PR WIRE,…

3 days ago

Countdown to Forex Expo Dubai 2025 – Your Chance to Take Home the Jetour X70 FL

Just Weeks Away From the Middle East’s Leading Trading Event, Returning October 6–7 at Dubai…

3 days ago

Dogecoin Pops As First U.S. Memecoin ETF Eyes Friday Debut

Dogecoin (DOGE) extended weekly gains as traders positioned for the REX-Osprey Dogecoin ETF (ticker: DOJE),…

4 days ago