Lufthansa and trade union ver.di reach agreement

Lufthansa and the ver.di trade union reached a new agreement on August 1st. From July 1st, 2008, ground staff will receive a pay rise of 5.1% and a further increase of 2.3% from July 1st., 2009. Additionally, the employees are to get a one-off payment, including a performance-related component depending on their business segment, of up to 2.4% of their annual remuneration. The pay settlement is for 21 months, ending on February 28th 2010. It means in effect that Lufthansa is raising the individual pay of employees by 4.2% over a period of twelve months.