German Union Calls One-Day Strike for Airport Security Workers [BNN Bloomberg (Canada)]
FRAPORT AG UNSP/ADR (FPRUY)
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Source: BNN Bloomberg
Verdi, which represents 25,000 security staff, urged members to walk off the job on Feb. 1 after three rounds of wage talks failed to reach an agreement, according to a statement on Tuesday. It's demanding €2.80 ($3.03) more pay per hour as well as higher overtime and other bonus payments over a 12-month period. Collective bargaining talks are set to resume in Berlin on Feb. 6. It's the latest in a wave of labor action that has hobbled transport for millions of travelers in Europe's largest economy in recent weeks. German railways started rolling again late on Sunday, when train drivers broke off a six-day strike early, agreeing to return to the negotiating table. Verdi has also called local public transport workers in towns and cities in all federal states except Bavaria to strike on Feb. 2. A shortage of skilled workers — coupled with high inflation — has emboldened employees across many industries in Germany to seek wage increases and preserve the flexibility and independence
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News
- Should You Investigate Fraport AG (ETR:FRA) At €47.96? [Yahoo! Finance]Yahoo! Finance
- Strikes cause passenger growth slow down at Frankfurt Airport [Yahoo! Finance]Yahoo! Finance
- Fraport AG GAAP EPS of €4.26, revenue of €4B; initiates FY24 outlook [Seeking Alpha]Seeking Alpha
- Frankfurt airport closed for departures on Thursday due to strike [Reuters]Reuters
- German union Verdi calls on airport security staff to strike in Frankfurt, Hamburg [Reuters]Reuters