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Lufthansa and cabin crew union reach a pay deal to end string of German aviation dispute [Financial Post (Toronto, Ontario, Canada)]

DEUTSCHE LUFTHANSA S/ADR (DLAKY) 
NASDAQ:AMEX Investor Relations: investor-relations.lufthansagroup.com/en.html
Company Research Source: Financial Post
BERLIN (AP) — Lufthansa and a union representing cabin crew reached a pay deal Thursday, concluding the last of several major disputes that have led to recent strikes at Germany's biggest airline and in the country's wider aviation sector. The UFO union said nearly 19,000 cabin crew will get a pay rise effectively totaling 17.4% in three stages under the three-year deal, plus a one-time payment of 3,000 euros ($3,240) per person to offset inflation. Some bonuses also will be increased. Article content Article content The union, which originally sought a 15% increase over an 18-month period, will put the deal to a ballot of its members. Its deal with Lufthansa doesn't include staff at two company subsidiaries, Cityline and Discover, where talks are ongoing. Last month, the Ver.di union secured a pay raise totaling an average 12.5% over two years for some 25,000 Lufthansa ground staff following an arbitration process. There will be bigger raises for some lower earners. Earl Show less Read more
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