Lufthansa logo

Picture copyright
Getty Photographs

Lufthansa has struck a deal to unravel a five-year-long dispute with pilots that has value it thousands and thousands of euros.

Germany’s largest airline and the Cockpit union have agreed upon an arbitrator’s proposal for a brand new wage settlement that covers about 5,400 pilots.

The agency has agreed to a four-stage eight.7% whole wage enhance and a one-off 30m-euro (£25.5m) cost.

That works out at some 5,000 euros to six,000 euros per worker.

Cockpit union spokesman Markus Wahl stated though union negotiators had agreed upon the deal, its members would have the ultimate say on whether or not to simply accept.

The dispute has seen pilots participate in 15 strikes.

The union had needed a median annual pay rise of three.7% for its members in Germany, backdated to 2012.

Regardless of a report revenue final yr, the corporate stated it had been pressured to chop prices to compete with funds rivals similar to Ryanair in Europe and the likes of Emirates on long-haul routes.