15 February 2021
Lufthansa Technik Philippines (LTP) has announced that it would cut 20 percent of its workforce, or 300 employees beginning April, saying downsizing is necessary amid the impact of the Covid19 pandemic that hit the aviation industry.
LTP said its "rightsizing program" would be carried out in 2 phases: first by voluntary separation, then by retrenchment, if necessary.
LTP president and CEO Elmar Lutter said layoffs would be "temporary until our industry fully recovers," and that rehires in the future would prioritize outgoing workers.
Some 2,700 will remain after the layoffs. The company had as many as 3,400 employees before the health crisis. 400 Contractual workers were earlier let go because of the pandemic.
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