Lufthansa and German trade union ver.di enter into collective labour agreement

Lufthansa and the German trade union ver.di agreed on an increase in remunerations for about 30,000 staff members from Lufthansa, Lufthansa Cargo, Lufthansa Technik and LSG Sky Chefs. As part of a comprehensive package, they also entered into a fundamentally reformed collective labour agreement regarding the corporate pension scheme. From April 2015 up until December 2015, a one-off payment amounting to €2,250 has been agreed. Apprentices will receive a one-off payment amounting to €600. In 2016 and 2017, the remuneration for employees and apprentices will increase by 2.2% on the 1st January each year. For newly recruited staff as of 1st January 2016, they succeeded in agreeing on a pension scheme within a Defined Contribution Model. Lufthansa will pay an employer’s contribution amounting to 5.2% of the salary, and in addition, the employees will contribute a co-payment of 1%.