Lufthansa and cabin crew union reach a pay deal to end string of German aviation dispute [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
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Source: Yahoo! Finance
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. 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. Earlier this week, a separate dispute involving security staff at most major German airports and their employers was resolved. That deal, also reached after arbitration, foresees raises
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