The Fraport Group plans to cut between 3.000 and 4.000 employees at Frankfurt am Main Airport. The background to this is the sharply reduced demand due to the Corona crisis. The company offers resignations against severance pay. This offer is said to have been accepted by 1.600 employees so far, Fraport announced.
However, there are far fewer employees than Fraport has planned for job cuts. The applications will now be checked and the employer will decide in the next few days whether they will be accepted or not. It is a matter of individual decisions. Compulsory redundancies are not excluded, but a decision is not to be made until the end of 2020.
The severance payments provide that, depending on the length of service, between 0,75 and 1,0 gross monthly salaries are paid per year of service. Older employees also have the option of partial retirement and early retirement. Only at the end of the year will it be known how many employees can be cut through the three measures mentioned. Then the decision is made whether and to what extent there will be redundancies for operational reasons.