Pay talks collapse, Lufthansa pilots ready to strikeStaff Writer | November 14, 2016
Lufthansa pilots are threatening to strike after talks on pay between their union and the management of Germany's largest airline collapsed.
Airline Talks on new contracts for 5,400 pilots
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.
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. ■