German union threatens Lufthansa's Eurowings with strikes [Reuters]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
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Source: Reuters
German union threatens Lufthansa's Eurowings with strikes - Reuters 2 Min Read BERLIN (Reuters) - A German union plans a cabin crew walkout in July at Lufthansa’s budget Eurowings unit over a pay dispute, it said on Thursday, adding pressure on the airline while it struggles with rising fuel costs and low revenues. The UFO union, which represents cabin crew, threatened a prolonged walkout if Lufthansa did not accept its demands that include higher wages for staff. At a news conference, a UFO board member said its members would vote on the walkout plans at Eurowings, which also includes the Germanwings airline. The threat comes after Lufthansa issued a profit warning on Sunday, with lower prices and higher fuel costs compounding the effect of losses at Eurowings. The news sent its shares plummeting. Lufthansa’s stock, which has lost more than half its value over the last 18 months, slightly dipped again on UFO’s announcement and traded 0.4% lower at 1034 GMT, underperforming Germany’s
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