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Stock impact report

Lufthansa reaches agreement with ground staff, strikes averted [Yahoo! Finance]

DEUTSCHE LUFTHANSA S/ADR (DLAKY) 
NASDAQ:AMEX Investor Relations: investor-relations.lufthansagroup.com/en.html
Company Research Source: Yahoo! Finance
German carrier Lufthansa and the Verdi union have averted further strikes by another group of workers, after reaching a collective bargaining agreement for some 20,000 ground staff, with pay hikes of around 4.6% in two stages, the two sides said Friday. However, strikes in the Lufthansa Group are not off the table with the agreement for ground staff, as pilots and cabin crew at the core Lufthansa brand and at other flight operations have voted to strike. Still, after two strike waves, there are no current walkout threats from the in-air personnel. A Lufthansa offer of talks to the pilots' union Vereinigung Cockpit (VC) brought movement into the deadlocked wage dispute. Only a few weeks ago, hundreds of flights were cancelled due to a walkout by pilots. The ground personnel deal Under the deal for ground staff, employees at Lufthansa Technik and Lufthansa Cargo will receive 2.2% more pay retroactive to January 1, followed by a further 2.4% increase from March 1, 2027. For Lu Show less Read more
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