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Right now, Austrian Airlines is in a bid to save the Lufthansa deal from falling through as the Lufthansa’s takeover of the Austrian Airlines may now be in doubt. The executive board member of Austrian Airlines, Peter Malanik, said that the original plan may not be enough because of the current economy.

Reports now say that Peter Malanik was talking with trade unions over some more possible layoffs. However, Peter would not confirm how many cuts were going to be made. The European Commission, which has to investigate the deal, is now said to have put off their decision, which was first going to be due this week.

Austrian Airlines has now been cutting costs since the beginning of the year. All of these cuts were to make sure that the takeover by the German carrier got the go ahead. Austrian Airlines announced a €225 million cost-cutting plan earlier in the year. This was done by cutting capacity, short time working for staff and so on.

New reports that came out just the other day show that the European Commission plans to look a little more closely at the deal itself. The official investigation of the takeover of the company was launched back in February. There were originally three elements of the deal that the European Commission had said that they did not like.

One of the first things that the European Commission did not like about the deal was the price. However, they also doubted whether the sale was truly open, transparent, and unconditional.

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