[180217.EN.AIR] Lufthansa Reaches Agreement On Pay Deal With Pilots

THE dispute over pay between Lufthansa and its pilots looks to be ending as both groups have agreed to mediator recommendations, according to media reports.

The two parties said they agreed to the mediator's recommendation of an annual pay rise of 2 per cent backdated to January 2016, another rise of 2.3 per cent from January 2017, another rise of 2.4 per cent in 2018 and a further 2 per cent in 2019.

In addition, there's a one-off payment amounting to a total of approximately EUR30 million (US$32 million), which is expected to total around EUR5,000 to EUR6,000 per full-time employee.

The new agreement will cover Lufthansa, Lufthansa Cargo and Germanwings and will run until the end of 2019, and the airline said it'll costs EUR85 million annually in implementing the agreement.

The agreement has to be voted on by members of the Vereinigung Cockpit union.

Source : HKSG.