Lufthansa Technik agrees on short-time working

- Around 12,000 employees in Germany affected

- Company tops up short-time work allowance to up to 90 percent

Lufthansa Technik AG has reached an agreement with the bodies of
co-determination and its operating partners to introduce short-time
working. This applies to all German sites and companies with the
exception of Lufthansa Technik AERO Alzey (LTAA) and Lufthansa
Bombardier Aviation Services (LBAS). The agreement thus applies to
around 12,000 employees and will initially run until 31 August 2020.

The scope of short-time working for employees is determined in
relation to the loss of working hours and in consultation with the
co-determination bodies responsible for the respective area. The loss
of working hours and thus short-time working can amount to up to 100
percent. In order to keep the financial impact on employees as low as
possible, Lufthansa Technik will initially top up the short-time
working allowance paid by the Federal Employment Agency to 90 percent
of the net salary lost through short-time working. This regulation
applies to both tariff and non-tariff staff.

Managerial staff will also be put on short-time work due to the
extensive reduction in workload. Lufthansa Technik AG will top up
their short-time working allowance to 80 percent of their net salary.
These employees had already voluntarily waived part of their salary.
Wherever possible in the respective countries, more than 30
international subsidiaries and affiliates of the Lufthansa Technik
Group will seek similar arrangements.

Lufthansa Technik's availability to its international customers at
all times, even during the crisis, will not be affected by the
short-time working. In cases where the usual contacts in sales and
production are not available due to these measures, Lufthansa Technik
customers can now turn to the central contact addresses and phone
numbers on the website www.lufthansa-technik.com/availability.

About Lufthansa Technik:
With some 35 subsidiaries and affiliates, the Lufthansa Technik Group
is one of the leading providers of technical aircraft services in the
world. Certified internationally as maintenance, production and
design organization, the company has a workforce of more than 25,000
employees. Lufthansa Technik's portfolio covers the entire range of
services for commercial and VIP/special mission aircraft, engines,
components and landing gear in the areas of digital fleet support,
maintenance, repair, overhaul, modification, completion and
conversion as well as the manufacture of innovative cabin products.