Germany's Lufthansa to slash 4,000 jobs by 2030

German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce. The group said the majority of the job cuts would be in Germany and take place by 2030, targeting administrative rather than operational positions. They set new financial targets for 2028-2030, including an adjusted operating margin of eight to 10 percent.