Berlin, May 2 (Xinhua-ANI): German airline Lufthansa has reached an agreement with 33,000 workers, settling the pay dispute that saw repeated massive walkouts and air traffic disruptions, local media reported on Thursday.
According to the pay deal reached between trade union Verdi and airline management on Wednesday, workers of Lufthansa Systems, Lufthansa Cargo and Lufthansa Technik will get a pay rise of 4.7 percent, while Lufthansa AG staff will get a rise of 3 percent.
Verdi had been bargaining with the airline for a salary increase of 5.2 percent and a more secure job conditions.
The deal means the end of industrial action that has cost the airline an estimated 15 million euros (about 19.7 million U.S. dollars). A massive national full-day walkout on April 22 forced the company to cancel almost all of its flights.
On Thursday, Lufthansa said in a statement that its net loss reached 459 million euros in the first quarter, compared with a loss of 394 million euros during the same period last year. (Xinhua-ANI)
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