The Lufthansa executive board will get bonuses in 2021 and 2022, even though the government is helping the company.
The German newspaper Handelsblatt reported on Tuesday that Lufthansa’s executive board members will each get a bonus of several million euros for 2021 and 2022, even though the company will be getting state aid during those years because of a pandemic.
At a meeting early in December, the supervisory board agreed to the payments, Handelsblatt said, citing company sources.
The Daily News says that some employee representatives voted against the payment because they thought it went against the terms of the rescue package.
Related: Lufthansa and the Pilots’ Union agree on the first few points of a wage dispute.
During the pandemic, the German government’s economic stabilisation fund gave Lufthansa a bailout package worth 9 billion euros ($9.53 billion). This kept Lufthansa from going bankrupt. In September, the government sold all of its shares in the airline.
A Lufthansa representative told Handelsblatt that the money wouldn’t be paid out until 2025, if everything went well until then. This means that the payments weren’t made in the past but rather as part of a long-term bonus.
Reuters sent an email to a spokesperson for comment, but they didn’t answer.
($1 = 0.9441 euros)
