FRANKFURT, June 3 (Reuters) - Lufthansa has pledged a wide-ranging restructuring, from hundreds of job cuts to asset sales, because it seeks to repay a 9 billion euro ($10.1 billion) state bailout and navigate deepening losses within the face of the coronavirus pandemic. The group, whose carriers also embody Swiss, Austrian and Brussels Airlines, expects a major 2020 earnings decline and has begun talks on job cuts expected to influence as many as 20,000 positions. Air France-KLM has acquired 7 billion euros in French-backed support however stays in talks on a further 3-4 billion from the Dutch authorities, which is anxious about future site visitors at Amsterdam-Schiphol. The group, which includes Swiss, Austrian Airlines and Brussels Airlines, is bracing for a major decline in 2020 earnings and has begun talks with labour representatives over cutbacks, the company added. Such stress could hamper Lufthansa's efforts to rationalise site visitors by way of Vienna and Brussels as it pursues rescue assist from both governments.
Lufthansa warned that deep cutbacks and asset gross sales can be necessary to repay 9 billion euros ($10.1 billion) in German rescue assist, with more to come back from Austria and Belgium. Elegant areas and impeccable finishes come together to supply living spaces of intelligent design. When the supplier turns up an Ace, he will supply "Insurance" to the gamers. IAZA believes that our members, with social distancing measures in place, can provide a managed and significantly safer day out than many alternate options, equally to ticketed gardens akin to Kew Gardens and National Trust websites, which have been able to efficiently reopen,' the spokesman added. The pledged price cuts came as the German carrier posted a primary-quarter web lack of 2.1 billion euros on Wednesday, only days after securing the bailout that is meant to assist the airline journey out the crisis but would require it to cede a few of its prized landing slots to rivals.
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