Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2024 02 05T100719Z 2 LYNXMPEK140CW RTROPTP 4 GERMANY STRIKE - Business Express

Factbox-Germany hit by strikes as workers demand better pay and conditions


Factbox-Germany hit by strikes as workers demand better pay and conditions

BERLIN (Reuters) – Germany has been hit by a series of strikes since the start of 2024 as unions press for higher wages and improved working conditions to make up for high inflation and staff shortages in Europe’s largest economy.

The industrial action has mainly targeted the transportation sector, affecting millions of travellers and commuters and inflicting economic pain.

Below is a list of the industrial actions being prepared or held within the sector and their impact:

LUFTHANSA: Various unions are currently negotiating higher wages with different Lufthansa branches.

In talks over contracts for ground staff, the Verdi union on Monday announced strikes for Wednesday.

Verdi is demanding a wage increase of 12.5% for 25,000 workers, or at least 500 euros ($538) more per month over a twelve month period, plus a one-time payment of 3,000 euros to offset inflation.

The union has argued that a higher cost of living and heavy workload due to staff shortages are grounds for higher pay.

Strikes are expected to have a major impact on Lufthansa’s flight operations. In July 2022, during the previous bargaining round, a one-day strike by ground staff prompted the cancellation of more than 1,000 flights, bringing air traffic at the Frankfurt and Munich hubs almost to a standstill.

PUBLIC TRANSPORT: Bus and tram stations across Germany were at a standstill on Feb. 2, disrupting millions of commuters and travellers, as 90,000 public transport workers were called out to strike to press for improved working conditions.

The strike was called by labour union Verdi in all federal states except Bavaria.

“We have a dramatic shortage of labour in public transport and incredible pressure on employees,” Verdi deputy chairwoman, Christine Behle, said in a statement.

Verdi listed reduced working hours and increased holiday entitlement as demands.

AIRPORT STAFF: Security staff at 11 German airports, including the global hub Frankfurt, walked off the job in a 24-hour strike on Feb. 1 to press for higher pay.

The union said it was demanding a pay rise of 2.80 euros per hour and more generous overtime on behalf of 25,000 workers.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Almost 200,000 travellers were affected by more than 1,100 flight cancellations or delays, the German airports association ADV said.

TRAIN DRIVERS: German train drivers waged one of their longest strikes to date from Wednesday Jan. 24 up till Sunday Jan. 28, after their union rejected state-owned rail operator Deutsche Bahn’s latest wage offer.

Deutsche Bahn and the GDL have been in dispute over a collective wage agreement since the beginning of November, with the union seeking a reduced working week for its shift workers, from 38 to 35 hours, on current wages.

The strike may cause economic damage worth a billion euros, taking into consideration that other transport routes have also been disrupted by the situation in the Red Sea, according to Michael Groemling from the IW Cologne economic institute.

TRUCK DRIVERS: Around 1,500 truck drivers gathered in front of Berlin’s Brandenburg Gate on Jan. 19, disrupting traffic and logistics, to press for more investment in road infrastructure and the withdrawal of higher toll charges.

FARMERS: German farmers kicked off a week of nationwide protests against subsidy cuts on Monday Jan. 8, blocking roads with tractors and piling misery on Chancellor Olaf Scholz’s coalition as it struggled to fix a budget mess.

Farmers called the protests in response to the government’s decision to phase out a tax break on agricultural diesel.

“For a farm like mine, I would lose about 10,000 euros,” said a farmer from Bavaria, Ralf Huber. “For our businesses, it’s a catastrophe.”

A backlash from farmers had already prompted Scholz’s coalition to make unexpected changes to the budget the week before. But farmers said this did not go far enough.

($1 = 0.9289 euros)

 

(Reporting by Ilona Wissenbach, Klaus Lauer, Nette Nöstlinger; editing by Matthias Williams, William Maclean)

 

Recent Post: