🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Air France unions brandish new strike threat

Published 30/08/2018, 10:46
© Reuters. FILE PHOTO - An Air France airplane takes off at the Charles-de-Gaulle airport in Roissy
LHAG
-
AIRF
-
ICAG
-

PARIS (Reuters) - Air France-KLM's (PA:AIRF) French unions voiced impatience on Thursday with a frozen pay dispute, threatening renewed industrial action unless the airline group resumes talks that were curtailed by its chief executive's resignation in May.

The group has refused to reopen pay talks pending the arrival of its next CEO Ben Smith in late September. Strikes earlier this year cost the airline 335 million euros (300.94 million pounds) and led to his predecessor Jean-Marc Janaillac's exit.

Unions representing pilots, cabin crew and ground staff are demanding a 5.1 percent pay hike to compensate for a five-year erosion of real wages due to inflation.

"The completely irresponsible attitude of Air France managers has led the unions to conclude that only a significant hardening of the conflict will force them to resolve it permanently," a cross-union grouping said in a statement read outside a works council meeting taking place near Paris.

© Reuters. FILE PHOTO - An Air France airplane takes off at the Charles-de-Gaulle airport in Roissy

Squeezed between long-haul competition from Middle Eastern carriers and low-cost regional rivals, Air France-KLM has struggled to overhaul costs and services the way British Airways (L:ICAG) or Lufthansa (DE:LHAG) have done.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.