Advertisement
Singapore markets closed

  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     

  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     

  • Hang Seng

    18,475.92
    +268.79 (+1.48%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Bitcoin USD

    63,540.17
    +1,560.56 (+2.52%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • Dow

    38,675.68
    +450.02 (+1.18%)
     

  • Nasdaq

    16,156.33
    +315.37 (+1.99%)
     

  • Gold

    2,310.10
    +0.50 (+0.02%)
     

  • Crude Oil

    77.99
    -0.96 (-1.22%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     

  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     

  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

Lufthansa agrees on pay with ground personnel - Verdi union

Reuters
The tail of of Germany's Deutsche Lufthansa aircraft is pictured at Frankfurt Airport April 7, 2010. REUTERS/Johannes Eisele

FRANKFURT (Reuters) - Deutsche Lufthansa on Saturday signed an agreement with services union Verdi on pay for about 33,000 ground personnel, the union and the airline said.

Germany's largest airline agreed a pay increase for its ground personnel and for staff at Lufthansa-Systems, Lufthansa-Service GmbH, Lufthansa Technik and Lufthansa Cargo of 2.2 percent on Jan. 1, 2016 and another 2.2 percent one year later, in addition to a one-off payment of 2,250 euros (1585 pounds) per full-time employee.

The collective bargaining agreement will expire at the end of 2017.

Lufthansa remains embroiled in disputes over pay and retirement benefits with pilots and cabin crew that has resulted in numerous strikes.

(Reporting by Ludwig Burger; Editing by Mark Trevelyan)