Agreement With ver.di Trade Union

Pay rise of 3.5 per cent coupled with profit sharing Accord for 14 months
At the fourth round of collective bargaining, Lufthansa and the amalgamated service employees union ver.di have reached agreement on a pay settlement for ground and cabin staff in Germany.

Aside from a pay rise of 3.5 per cent, effective April 1 2001, the accord envisages a share in last year`s profits in the form of a special payment of DM 1,100 and a bonus amounting to ten per cent of a month`s salary. Since the collective agreement is to run for a 14-month term, the increase works out at a pay rise of 3 per cent over 12 months. Staff will receive a one-off monthly payment of DM 250 in each of February and March. 

“In face of very difficult circumstances underlying this year`s pay negotiations, we have concluded an agreement with ver.di, which gives Lufthansa staff in Germany a commensurate share in the Group`s success,” commented Stefan Lauer, Chief Executive Human Resources and chief negotiator of Deutsche Lufthansa AG.