ExxonMobil's Nigerian asset sale nears approval    Argentina's GDP to contract by 3.3% in '24, grow 2.7% in '25: OECD    Chubb prepares $350M payout for state of Maryland over bridge collapse    Turkey's GDP growth to decelerate in next 2 years – OECD    EU pledges €7.4bn to back Egypt's green economy initiatives    Yen surges against dollar on intervention rumours    $17.7bn drop in banking sector's net foreign assets deficit during March 2024: CBE    Norway's Scatec explores 5 new renewable energy projects in Egypt    Egypt, France emphasize ceasefire in Gaza, two-state solution    Microsoft plans to build data centre in Thailand    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    WFP, EU collaborate to empower refugees, host communities in Egypt    Health Minister, Johnson & Johnson explore collaborative opportunities at Qatar Goals 2024    Egypt facilitates ceasefire talks between Hamas, Israel    Al-Sisi, Emir of Kuwait discuss bilateral ties, Gaza takes centre stage    AstraZeneca, Ministry of Health launch early detection and treatment campaign against liver cancer    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Lufthansa cancels almost half of flights due to strike
Lufthansa pilots to strike on Monday and Tuesday over an early retirement scheme. About 150.000 passengers will be affected
Published in Ahram Online on 01 - 12 - 2014

German flagship carrier Lufthansa canceled 1,350 flights, or 48 percent of scheduled services, for Monday and Tuesday as its pilots prepared to go on strike, their ninth walkout this year.
The canceled short-, medium- and long-haul flights will affect 150,000 passengers and wipe another single-digit million euro sum off the airline's earnings, according to analyst estimates.
Pilots' union Vereinigung Cockpit (VC) called the two-day strike at the carrier, starting at midday on Monday, after talks over an early retirement scheme for pilots, developed decades ago, broke down late last week.
Industrial action in the long-running dispute has already wiped 160 million euros ($200 million) off Lufthansa's operating profit, adding to pressure from a stuttering global economy and increased competition.
The carrier lowered its profit guidance for 2015 for the second time this year in late October, and is expanding low-cost operations to better compete with budget carriers and Gulf rivals.
"They should have their money, but for us this is all very obstructive. If you want to go somewhere on vacation and have it ruined for you, it's not ok. They should sit down and come to an agreement," Lufthansa passenger Elfriede Bretagne told Reuters TV in Frankfurt, at Germany's busiest airport.
VC, representing about 5,400 Lufthansa pilots, is fighting to keep a scheme that allows pilots to retire at the age of 55 and still receive up to 60 percent of their pay before regular pension payments start at 65.
Lufthansa has said it made concessions in recent talks, including a 5 percent pay rise, but reiterated that it would not accept a demand that new pilots, as well as those already with the company, should be able to retire at 55.
"Viewed from the outside, it remains difficult to predict when a compromise can be reached," DZ Bank analyst Dirk Schlamp said.
Union VC has said the Germany-wide strike is to last from midday (06:00 a.m. ET) on Monday to 11:59 pm (05:59 p.m. ET) on Tuesday for short- and medium-haul flights, as well as from 3 a.m. (09:00 p.m. ET on Monday) to 11:59 pm (05:59 p.m. ET) on Tuesday for long-haul flights.
Pilots flying for Lufthansa Cargo will also strike from 3 a.m. to 11:59 pm on Tuesday. Flights of budget arm Germanwings will not be affected.
http://english.ahram.org.eg/News/116907.aspx


Clic here to read the story from its source.