German flag carrier Lufthansa on Friday canceled more than 100 flights following an eight-hour strike by its flight attendants, the company said in a statement posted on its website.
The flight attendants were staying away from work from 5:00 a.m. to 1:00 p.m. local time demanding a five-percent wage increase. Negotiations between their union UFO and the management were unsuccessful.
According to media reports, Lufthansa plans to lay off 3,500 employees and economize EUR 1.5 billion over the next three years to reduce its costs due the financial crunch. It has also plans to reform its subsidiary airline Germanwings and partially move there Lufthansa employees by paying them lower wages.
For comments and feedback contact: editorial@rttnews.com
Political News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.