AIRLINK 67.16 Increased By ▲ 1.96 (3.01%)
BOP 5.65 Increased By ▲ 0.08 (1.44%)
CNERGY 4.54 Decreased By ▼ -0.02 (-0.44%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.30 Decreased By ▼ -0.66 (-0.94%)
FCCL 20.10 Decreased By ▼ -0.20 (-0.99%)
FFBL 29.20 Increased By ▲ 0.09 (0.31%)
FFL 9.77 Decreased By ▼ -0.06 (-0.61%)
GGL 10.01 No Change ▼ 0.00 (0%)
HBL 113.85 Decreased By ▼ -0.40 (-0.35%)
HUBC 128.50 Decreased By ▼ -0.60 (-0.46%)
HUMNL 6.71 No Change ▼ 0.00 (0%)
KEL 4.42 Decreased By ▼ -0.02 (-0.45%)
KOSM 4.86 Decreased By ▼ -0.03 (-0.61%)
MLCF 36.66 Decreased By ▼ -0.34 (-0.92%)
OGDC 131.90 Decreased By ▼ -0.40 (-0.3%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.66 Decreased By ▼ -0.23 (-0.89%)
PIBTL 6.67 Increased By ▲ 0.07 (1.06%)
PPL 113.05 Increased By ▲ 0.20 (0.18%)
PRL 29.20 Decreased By ▼ -0.21 (-0.71%)
PTC 15.10 Decreased By ▼ -0.14 (-0.92%)
SEARL 56.62 Decreased By ▼ -0.41 (-0.72%)
SNGP 66.00 Decreased By ▼ -0.45 (-0.68%)
SSGC 10.98 No Change ▼ 0.00 (0%)
TELE 8.65 Decreased By ▼ -0.15 (-1.7%)
TPLP 11.52 Decreased By ▼ -0.18 (-1.54%)
TRG 68.28 Decreased By ▼ -0.34 (-0.5%)
UNITY 23.57 Increased By ▲ 0.17 (0.73%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 7,303 Increased By 7.7 (0.1%)
BR30 23,857 Increased By 2.6 (0.01%)
KSE100 70,240 Decreased By -49.7 (-0.07%)
KSE30 23,104 Decreased By -66.6 (-0.29%)

imageBERLIN/FRANKFURT: Lufthansa pilots are threatening to strike after talks on pay between their union and the management of Germany's largest airline collapsed.

The union, Vereinigung Cockpit, which represents around 5,400 pilots at the company, said on Monday strike action at the main Lufthansa airline brand and its cargo arm was possible at any time, although it would give 24 hours' notice of a walkout.

Talks on new contracts for 5,400 pilots at the Lufthansa, Lufthansa Cargo and Germanwings divisions have been going on for four years and have resulted in more than a dozen strikes at one of Europe's largest airlines.

Lufthansa is trying to cut costs to cope with increased competition from low-cost carriers and leaner Gulf rivals. It has managed to agree wide-ranging deals on pay and conditions with its main cabin crew and ground staff unions in Germany.

The pilots' union said failure to agree a deal meant that its members had not had a pay increase for more than five years and that Lufthansa was offering only a pay freeze.

It is calling for an average annual pay increase of 3.66 percent, pointing to Lufthansa's profits of more than 5 billion euros ($5.4 billion) in that period.

Lufthansa, which had earlier on Monday offered mediation to resolve the impasse, said in response that the strike call was "incomprehensible".

Formal talks with pilots on a package covering a range of topics from pay, pensions and working conditions broke down earlier this year and the two sides instead agreed to discuss topics individually.

Copyright Reuters, 2016

Comments

Comments are closed.