Flight disruptions expected as negotiations fail

  • German trade union Verdi calls on Lufthansa’s ground staff to go on strike
  • Strike to affect airports in Frankfurt, Munich, Hamburg, Berlin, and Dusseldorf
  • Negotiations demand a 12.5% salary increase or at least an extra 500 euros per month
  • Major flight cancellations and delays expected, affecting over 100,000 passengers
  • Next round of negotiations scheduled for Feb. 12

German trade union Verdi has called on Lufthansa’s ground staff to go on strike following failed wage negotiations. The strike, which will affect airports in Frankfurt, Munich, Hamburg, Berlin, and Dusseldorf, demands a 12.5% salary increase or at least an extra 500 euros per month. This action is expected to cause major flight cancellations and delays, affecting over 100,000 passengers. The next round of negotiations is scheduled for Feb. 12.

Public Companies: Deutsche Lufthansa (LHA.DE)
Private Companies:
Key People: Andrea Figueras (Author), Michael Niggemann (Labor Director of Deutsche Lufthansa)

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Factuality Level: 7
Justification: The article provides information about the strike called by Verdi, the demands of the union, and the expected impact on Lufthansa and its passengers. However, there is no mention of any opposing viewpoints or perspectives, which could potentially introduce bias. Additionally, the article lacks specific details about the failed wage negotiations and the reasons behind them, which could affect the overall factuality of the information provided.

Noise Level: 6
Justification: The article provides information about a strike by Deutsche Lufthansa’s ground staff due to failed wage negotiations. It mentions the demands of the trade union and the potential impact on flights and passengers. However, it lacks a deeper analysis of the long-term trends or consequences of the strike. It also does not provide evidence or data to support the claims made by both the union and Lufthansa. Overall, the article provides some relevant information but lacks in-depth analysis and supporting evidence.

Financial Relevance: Yes
Financial Markets Impacted: Deutsche Lufthansa

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses the strike by Deutsche Lufthansa’s ground staff following failed wage negotiations. The strike is expected to cause major flight cancellations and delays, impacting more than 100,000 passengers. However, there is no mention of an extreme event or its impact rating.

Reported publicly: www.marketwatch.com