Lufthansa strikes deal with cabin staff after spring of labour unrest [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
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Source: Yahoo! Finance
The agreement on a three-year collective bargaining deal was announced by the Independent Flight Attendants Organization (UFO) trade union on Thursday. The deal, which will run through the end of 2026, provides for wage increases of 17.4% in three stages for the nearly 19,000 employees covered by the agreement, and a one-off inflation compensation bonus of €3,000 ($3,200). The agreement must still be approved by a vote of UFO members. The union had originally demanded 15% raises - but over a much shorter deal lasting just 18 months. Salaries will now be increased by 8% on May 1 of this year, by 5% on March 1, 2025 and finally by 3% on March 1, 2026. The most recent UFO strike, a one-day work stoppage on March 12, brought Lufthansa flight operations to a standstill. Just before the Easter holiday, Lufthansa and the verdi trade union settled the wage dispute among Lufthansa ground staff with the help of arbitration. That deal was approved by 94.5% of union members. Lufthans
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