As taken from Reuters a few minutes ago:
Deutsche Lufthansa AG said on Friday it had agreed a pay deal for 55,000
cabin crew and ground crew with union Verdi that lasts through
The mediated agreement includes a 3.2 percent pay hike from
January of 2003, followed by an additional 1.8 percent hike in
October and another 1.2 percent rise in May of 2004, the airline
said in a statement.
The workers are also to get a one-time 250-euro ($269)
payment for November and December of last year.
The airline said it had also agreed on a package of
personnel cost savings measures to secure jobs in "times of
crisis" that included flexible working schedules.
Well it seems the result this time is somewhere in the middle between union and management, it's probably the flexibility clause that makes it worthwhile for management, besides LH did prove to be very reluctant to fire people in times of crisis...like right now, for example! This should make it a bit easier to stick to this rather unusual but nonetheless very good policy.