Business
Lufthansa To Streamline Staff Positions
Lufthansa Group is
looking at options for simplifying the way it runs its airlines including the removal of a layer of management staff.
According to an inside source, the options include centralizing functions such as network planning currently done by individual airlines.
Reuters reports that the group is working on the plans with consulting firm, McKinsey, and aims to implement changes in the second half of the year, the source said.
Lufthansa which includes German Wings, Austrian Airlines and Swiss is in the midst of restructuring and tough negotiations with staff as part of efforts to cut costs to compete with low-cost carriers and fast-expanding rivals such as emirates and Turkish Airlines.
Manager Magazine reported that Lufthansa was planning to introduce a management board position that covers its Euro-wings arm, the regional airline that it is expanding into a new low cost carrier.
The Magazine said it was not yet clear how many jobs could be lost as a result of the streamlining.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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