Lufthansa has incurred significant costs due to a series of worker strikes since the start of the year, with estimates reaching €250 million ($271 million) as stated by the CFO. The strikes have had a long-term impact on flight schedules and customer confidence, prompting ongoing negotiations with unions. Meanwhile, a broader wave of strikes is sweeping across Germany, affecting various sectors including railways, airports, hospitals, and banks. This surge in labor unrest is attributed to workers' dissatisfaction with inflation and stagnant growth, marking a departure from Germany's historically placid labor relations. In Finland, the right-wing government's policies targeting collective bargaining have also sparked widespread strikes, halting operations across numerous sectors.
A wave of strikes in Germany by workers who feel the sting of inflation and stagnant growth has affected railways, airports, hospitals and banks. It is the latest sign of the bleak outlook for Europe’s economic powerhouse. https://t.co/vHTxPprWPB
Germany long prided itself on being the European country with placid labor relations. Not this year, as a wave of strikes hits German employers. https://t.co/jwaRowCeB9
“Striking workers have brought railways and airports to a standstill. Doctors have walked out of hospitals. Bank employees left work for days.” Germany has strong labor unions, so activists can bring the country to a standstill. Anyone who wants to bring that here is an enemy. https://t.co/zlxminjN99
Lufthansa has seen strike-related costs balloon to $271 million since the start of the year. https://t.co/AkUWUxvOa4
The cost of strikes at Lufthansa in Germany has risen to €250 million, with a long-term impact on flight schedules and customer confidence. Negotiations with unions continue as the airline seeks stability. https://t.co/8UCeugpSdP
Policies introduced by Finland’s right-wing government are taking aim at collective bargaining. From truck drivers to schoolteachers, workers across Finland are responding by grinding the country to a halt with a series of nationwide strikes. https://t.co/dAIBJ79asI
Lufthansa estimates strike related costs at 250 mln euros so far this year - CFO https://t.co/Y2f5ZEzTFM https://t.co/EKctHWLqBj
Strike-related costs at Lufthansa balloon to €250 million since the start of the year, after a series of walk-offs by workers https://t.co/kFfNl17FOe