5400 Lufthansa Pilots Set for Strike

On the 23rd of November, around 5400 pilots of German airline Lufthansa and its subsidiary Eurowings are planning to go on a 24 hour strike.

This is going to be the 14th protest after the wage-related dispute with the management began. The strike will affect both short- and long-haul flights, according to pilots’ union Vereinigung Cockpit.

According to union representatives, as the pay saw no increase during the last five years, the management should provide a retroactive increase of 3.66% per year.

Vereinigung Cockpit board member Jorg Handverg states that the management offered to increase the pilots’ pay by 2.5% for a 20-month period up to the end of 2018, which is viewed as a pay freeze by many union members.

A separate strike has been announced on the 22nd of November by Verdi union, which represents cabin crew workers of Eurowings, a subsidiary of Lufthansa. The carrier is reported to have cancelled more than 60 flights.

Hot this week

Stanbic IBTC Reinforces Capital Markets Leadership Through Dangote Refinery IPO

Stanbic IBTC Holdings Plc has reinforced its position as...

CBN Bags NES Distinguished Organisation Award for Economic Reforms

The Central Bank of Nigeria (CBN) has received the...

Leadway Assurance Backs ISSP Initiative to Deepen Insurance Penetration, Consumer Trust

Leadway Assurance, Nigeria’s leading insurance services provider and a...

RMB Nigeria Advises on BOI’s N274.18bn Domestic Bond Issuance

L-R: Head, Debts Capital Markets, RMB Nigeria, Laju Atake;...

LG Electronics Highlights Seven Home Appliances at IFA 2026

As routines and lifestyles evolve across Europe, consumers are...

Topics

TECNO to Relaunch PHANTOM in July as Flagship Sub-Brand

  TECNO is said to be on the verge of...

Sustained Sell-Offs Drag Benchmark Index… NSE ASI down 0.9%

The bearish performance of the local bourse was extended...

Emirates Unveils New NDC-Powered Connectivity for Trade Partners

In order to ensure easy and direct access to...

Jumia Launches Jumia Bot, Nigeria’s First E-commerce Bot

True to its mission of expanding horizons, Jumia introduced...

ITU Telecom World 2016 to Explore Collaboration in Digital Economy

5G, collaborative regulation, the connected car, smart sustainable cities,...

Market Statistics: Tuesday, 12th December 2017

  Market Cap (N'bn)                13,556.2 Market...

Ecobank Webinar: Rethink Your Business Culture over COVID-19–Experts

Nigerians have been advised to move from the realm...

Polaris Bank: Positioning for Digital Leadership, Market Dominance-CEO

Leading digital financial institution, Polaris Bank Limited has assured...