Stock Market News

Lufthansa ground staff start walkout in Germany in pay dispute

2022.07.27 08:50

Lufthansa ground staff start walkout in Germany in pay dispute
FILE PHOTO: Planes of German air carrier Lufthansa are parked at Frankfurt airport in Frankfurt, Germany, June 2, 2020. REUTERS/Kai Pfaffenbach/File Photo

BERLIN (Reuters) – Ground staff of Deutsche Lufthansa (ETR:LHAG) went on a strike early on Wednesday, prompting the cancellation of more than 1,000 flights and adding to travel disruptions during the busy summer travel season.

Labour union Verdi had called for the walkout, which is due to run until 6 am (0400 GMT) on Thursday, over its demand for a 9.5% pay hike for around 20,000 workers.

The move had prompted Lufthansa to cancel nearly all flights at its Frankfurt and Munich hubs for Wednesday.

Strikes and staff shortages have already forced airlines including Lufthansa to cancel thousands of flights and caused hours-long queues at major airports, frustrating holidaymakers keen to travel after COVID-19 related lockdowns.

Verdi last month demanded a 9.5% pay rise, or at least 350 euros ($368) more per month for 12 months, for around 20,000 workers who it says are being squeezed by inflation and have been overworked due to staffing shortages at airports.

Lufthansa had offered an increase of 150 euros per month for the rest of this year and another 100 euros more from the start of 2023, plus a 2% increase from mid-2023 dependent on the company’s financial results.

Verdi rejected the offer, saying it was insufficient to offset soaring inflation, which hit 8.2% in Germany in June.

Verdi and Lufthansa have held two rounds of wage negotiations so far. A third is scheduled for Aug. 3 and 4.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,238.32 0.05%
ethereum
Ethereum (ETH) $ 3,437.00 1.46%
tether
Tether (USDT) $ 0.999578 0.02%
xrp
XRP (XRP) $ 2.25 2.29%
bnb
BNB (BNB) $ 707.05 0.57%
solana
Solana (SOL) $ 194.98 1.98%
dogecoin
Dogecoin (DOGE) $ 0.325485 2.50%
usd-coin
USDC (USDC) $ 1.00 0.02%
staked-ether
Lido Staked Ether (STETH) $ 3,433.27 1.46%
cardano
Cardano (ADA) $ 0.896005 3.25%
tron
TRON (TRX) $ 0.254539 0.79%
avalanche-2
Avalanche (AVAX) $ 39.23 5.02%
chainlink
Chainlink (LINK) $ 23.70 5.07%
the-open-network
Toncoin (TON) $ 5.87 0.18%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,086.68 1.23%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 4.01%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,206.31 0.48%
sui
Sui (SUI) $ 4.38 4.82%
hedera-hashgraph
Hedera (HBAR) $ 0.307748 1.20%
stellar
Stellar (XLM) $ 0.372746 4.61%
polkadot
Polkadot (DOT) $ 7.26 2.60%
weth
WETH (WETH) $ 3,439.48 1.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 454.11 2.42%
bitget-token
Bitget Token (BGB) $ 6.28 21.06%
leo-token
LEO Token (LEO) $ 9.47 0.63%
hyperliquid
Hyperliquid (HYPE) $ 26.03 13.13%
litecoin
Litecoin (LTC) $ 107.60 0.85%
uniswap
Uniswap (UNI) $ 13.35 6.21%
pepe
Pepe (PEPE) $ 0.000018 5.34%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,630.17 1.48%
near
NEAR Protocol (NEAR) $ 5.28 4.95%
ethena-usde
Ethena USDe (USDE) $ 0.998981 0.04%
usds
USDS (USDS) $ 1.00 0.05%
aave
Aave (AAVE) $ 353.56 5.63%
aptos
Aptos (APT) $ 9.28 5.24%
internet-computer
Internet Computer (ICP) $ 10.82 4.81%
crypto-com-chain
Cronos (CRO) $ 0.154849 4.48%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.499764 3.98%
mantle
Mantle (MNT) $ 1.21 1.55%
vechain
VeChain (VET) $ 0.049491 5.27%
ethereum-classic
Ethereum Classic (ETC) $ 26.71 3.47%
render-token
Render (RENDER) $ 7.33 5.78%
whitebit
WhiteBIT Coin (WBT) $ 24.76 0.36%
bittensor
Bittensor (TAO) $ 480.48 4.40%
mantra-dao
MANTRA (OM) $ 3.70 2.65%
monero
Monero (XMR) $ 189.99 3.29%
dai
Dai (DAI) $ 1.00 0.05%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.31 4.93%
arbitrum
Arbitrum (ARB) $ 0.777938 3.83%
filecoin
Filecoin (FIL) $ 5.16 4.37%