The two parties have agreed to the result of the mediation process which translates into a wage increase, in four steps, of 8.7%. In addition, a one-off payment of €30m has been agreed which gives each of the airlines 5,400 pilots another €5,000-6,000. However, the parties involved have not agreed on anything else, i.e. not on a new pension scheme and the early retirement scheme. According to management, the pay deal will cost the carrier some €85m annually and the contract expires at the end of ....
15 Feb 2017
Lufthansa and its pilots have settled the pay dispute, but nothing else
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Lufthansa and its pilots have settled the pay dispute, but nothing else
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
15 Feb 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
The two parties have agreed to the result of the mediation process which translates into a wage increase, in four steps, of 8.7%. In addition, a one-off payment of €30m has been agreed which gives each of the airlines 5,400 pilots another €5,000-6,000. However, the parties involved have not agreed on anything else, i.e. not on a new pension scheme and the early retirement scheme. According to management, the pay deal will cost the carrier some €85m annually and the contract expires at the end of ....