A new pay deal and pension contract has been signed with the carrier’s 19,000 cabin crew members and the union also accepts the employment contract for Lufthansa’s budget airline Eurowings. Management believes that the new deal will limit additions to provisions almost immediately but that genuine cost savings will start in 2023. The pay deal shows a 1% salary increase as of 1 October 2016 and another 2% as of January 2018. The pension deal shows a change from a defined benefit to

06 Jul 2016
Lufthansa and Ufo have finally signed a new deal

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Lufthansa and Ufo have finally signed a new deal
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
06 Jul 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
A new pay deal and pension contract has been signed with the carrier’s 19,000 cabin crew members and the union also accepts the employment contract for Lufthansa’s budget airline Eurowings. Management believes that the new deal will limit additions to provisions almost immediately but that genuine cost savings will start in 2023. The pay deal shows a 1% salary increase as of 1 October 2016 and another 2% as of January 2018. The pension deal shows a change from a defined benefit to