FRANKFURT (Reuters) – Lufthansa (DE:) has agreed with its cabin crew labor union to enter arbitration over a wage dispute, the German airline and the union said on Tuesday, averting further strikes.
Cabin crew held a strike over pay and pensions for two days last week, resulting in the cancelation of one in five flights, affecting around 180,000 passengers and costing the airline 10-20 million euros ($11-$22 million).
The UFO labor union is obligated to “maintain industrial peace,” Lufthansa said in a statement. “Strikes are accordingly excluded for the time being.”
Lufthansa said UFO’s demands for higher expenses and purser allowances would be discussed.
The parties will hold a joint press conference on Thursday to announce details.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.