Why Lufthansa pilots are on strike?
The airline says those measures would increase its staffing costs by about 40 per cent, or around 900 million euros over two years.
A union representing pilots at German carrier Lufthansa says they will stage a two-day strike starting on Wednesday unless the company makes a serious offer in talks over pay increases.
It would be the second strike in a week after pilots staged a walkout Friday that led to hundreds of flights being cancelled.
The Vereinigung Cockpit union has called for a 5.5 per cent raise for its members this year and an inflation-busting 8.2 per cent increase in 2023.
Pilots are also seeking a new pay and holiday structure.
The airline says those measures would increase its staffing costs by about 40 per cent, or around 900 million euros over two years.
It has instead offered a one-off increase of 900 euros (USD 900), amounting to a 5 per cent increase for senior pilots and an 18per cent increase for those starting the profession.
Strong unions have traditionally ensured good conditions for workers in Germany, using strikes to press their demands in labour disputes.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
01:44 PM IST