Lufthansa Technik Switzerland to close

Lufthansa Technik Switzerland (LTSW) in Basel has been unable to
sustain its operations and will be closing its two Line Maintenance
and Logistics Services businesses on 30 April 2013.

This plant closure will lead to 31 redundancies. Another 29 employees
will have the opportunity to stay on as employees of SWISS at the
Basel site.

Explaining the circumstances, Rainer Lindau, CEO of Lufthansa Technik
Switzerland, said: “Due to the fall in demand and the associated
decline in our customer base, closing the facility was sadly
unavoidable. In particular, it goes without saying that we regret the
associated consequences for our employees and we are making every
effort to support them where possible. However, thanks to our
agreement with SWISS we have succeeded in finding alternative direct
employment in the same field of activity for almost half of the
workforce.”