Key Developments: Deutsche Lufthansa AG (LHAG.DE)
Latest Key Developments (Source: Significant Developments)
Reuters reported that Deutsche Lufthansa AG (Lufthansa) announced that German union Verdi has called on 33,000 workers to go on strike on March 21, 2013 to increase pressure on the airline in a dispute over wages and job security. The strike is expected to last for about five hours from 5am. In negotiations Verdi is demanding a 5.2% increase in wages for 12 months for employees on the ground at Lufthansa Cargo, Lufthansa Technik, Lufthansa Systems and catering unit LSG Sky Chefs, as well as a commitment by Lufthansa to safeguard jobs. Full Article
ZURICH - Switzerland's Darwin Airline said on Tuesday it had lodged a formal complaint with the country's competition commission over alleged anti-competitive behavior by Lufthansa-owned Swiss International Air Lines (SWISS).