01 Jul '11, 9pm

Lufthansa hikes pilot pay 3.5%

Lufthansa hikes pilot pay 3.5%

FRANKFURT - Germany's leading airline, Lufthansa, said Friday it will give 4,500 pilots a 3.5-percent raise, retroactive to April 1. An accord reached with the Cockpit trade union is to run until April 30, 2012, a statement added. It quoted personnel director Roland Busch as saying the agreement was "very ambitious for our company" and would entail cost increases that would have to be compensated for elsewhere. The decision was nonetheless manageable because it came following two years during which pilots wages were frozen, Busch added. Lufthansa pilots walked out in February 2010 to press for higher wages, forcing the airline to cancel some 2,000 flights in a dispute that was estimated to have cost it 48 million euros ($70 million) in all.

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

White House to pay $45 million in salaries for 2011

White House to pay $45 million in salaries for ...

straitstimes.com 02 Jul '11, 8am

The White House said on Friday it will pay $37.1 million (S$45.5 million) in salaries to 454 employees in 2011. -- PHOTO: ...

Environmental Enforcement: Exxon to Pay $495m i...

environmentalleader.com 01 Jul '11, 2pm

A court in Baltimore has ordered Exxon Mobil to pay $495 million for damages caused to 160 Jacksonville, Md., families fol...

Cross-carriage Pay-TV rules to go ahead from Au...

straitstimes.com 01 Jul '11, 11pm

On Friday evening, the Government announced that it would go ahead with its controversial decision requiring pay-TV operat...