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KingOrGod
Posts: 158
Joined: Mon Jan 16, 2017 3:19 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Sat Jun 27, 2020 12:09 pm

Waterbomber2 wrote:
Great news for Lufthansa and its workers.
Thiele is your hero.

Anyone want to bet that they're going to be asking more money by Christmas time?

Germany will be brought to its knees. Heavily industrialised countries have more to lose in this crisis.

I predict that LH will be bankrupt by next spring, through lack of liquidity but also cumulated losses.
Germany won't be able to save it then.


Strikes coming soon! I personally don't fly LH anymore. They became really unreliable at one point.
 
Blerg
Posts: 4086
Joined: Tue Jan 09, 2018 11:42 am

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Sat Jun 27, 2020 1:11 pm

KingOrGod wrote:
Waterbomber2 wrote:
Great news for Lufthansa and its workers.
Thiele is your hero.

Anyone want to bet that they're going to be asking more money by Christmas time?

Germany will be brought to its knees. Heavily industrialised countries have more to lose in this crisis.

I predict that LH will be bankrupt by next spring, through lack of liquidity but also cumulated losses.
Germany won't be able to save it then.


Strikes coming soon! I personally don't fly LH anymore. They became really unreliable at one point.


I don't think they are going to strike, at least not until financial reports improve and that's going to be another two years... at least.
 
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JLGordon
Posts: 8
Joined: Thu May 21, 2020 8:14 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Sun Jun 28, 2020 9:12 am

Oh dear...
There are no strikes on the horizon for the next years. Maybe there will be some protests of people loosing their job. But for the majority of LH, the unions are just making the collective agreements. And they will last for the next 4 years. Minimum. And everyone at LH should know that there is no money to strike for. Even the strange unions were able to understand that so far.
And if you think of strikes at, lets say LH Technik, because of a possible sale: LH not affected, because LH has its own maintenance since last year. And so it will be with a lot things more. Think it will not be too far that you will see "Gate Gourmet" trucks doing the catering at LH planes. There will be more to come. Rough times ahead...
 
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LAXintl
Posts: 24628
Joined: Wed May 24, 2000 12:12 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Mon Aug 17, 2020 6:09 pm

LH cabin crew union voted in favor of an agreement on cost savings through 2024.
Agreement with pilots and ground staff still pending.

https://www.aviation24.be/airlines/luft ... anagement/
From the desert to the sea, to all of Southern California
 
flyingqueen
Posts: 58
Joined: Sun Oct 27, 2013 5:54 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Mon Aug 17, 2020 10:59 pm

It is so great to see maturity among LH employees.
 
DUSZRH
Posts: 222
Joined: Thu Jan 05, 2017 12:17 am

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Tue Aug 18, 2020 10:45 am

Pilots is much more difficult as they were over staffed before the crisis and fluctuation is much lower.
 
Noshow
Posts: 1626
Joined: Wed Jun 15, 2016 3:20 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Tue Aug 18, 2020 12:32 pm

By suddenly retiring most big quads now LH happens to get rid of the most senior, highest paid and most unionized pilots as well. Those were the core of the "troublemakers" from a management standpoint.
 
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Polot
Posts: 10638
Joined: Thu Jul 28, 2011 3:01 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Tue Aug 18, 2020 12:40 pm

Noshow wrote:
By suddenly retiring most big quads now LH happens to get rid of the most senior, highest paid and most unionized pilots as well. Those were the core of the "troublemakers" from a management standpoint.

That depends. Just because LH retires the 744 for example doesn’t necessarily mean they are allowed to just fire all the 744 pilots.
 
brilondon
Posts: 3159
Joined: Sun Aug 21, 2005 6:56 am

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Tue Aug 18, 2020 12:41 pm

Noshow wrote:
By suddenly retiring most big quads now LH happens to get rid of the most senior, highest paid and most unionized pilots as well. Those were the core of the "troublemakers" from a management standpoint.


How are they doing that? Out right buy outs? Furloughs?
Rush forever Closer To My Heart
 
Noshow
Posts: 1626
Joined: Wed Jun 15, 2016 3:20 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Tue Aug 18, 2020 12:57 pm

No they will not fire them right away but possibly make them leave with redundancy packages or similar? Bottom line: This group will shrink or evaporate.
 
787X30
Posts: 108
Joined: Fri Nov 09, 2018 1:16 am

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Tue Aug 18, 2020 9:51 pm

Polot wrote:
Noshow wrote:
By suddenly retiring most big quads now LH happens to get rid of the most senior, highest paid and most unionized pilots as well. Those were the core of the "troublemakers" from a management standpoint.

That depends. Just because LH retires the 744 for example doesn’t necessarily mean they are allowed to just fire all the 744 pilots.

Correct. 744/74H are one fleet, that now is, unfortunately, set to shrink. But the bigger part of it remains, and with it a lion's share of the most experienced, competent crew.

OTOH, the biggies normally carrying the most senior crew, some of them are quite likely near regular retirement anyway.
 
Noshow
Posts: 1626
Joined: Wed Jun 15, 2016 3:20 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Wed Aug 19, 2020 6:25 am

It's not only the 747-400, it's most of the A380 and all of the A340-600. Consider the crew factor and that is a huge part of long range pilots. Only a part will move on to the 777-9, 787 and A350 fleets.
 
787X30
Posts: 108
Joined: Fri Nov 09, 2018 1:16 am

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Wed Aug 19, 2020 7:49 am

Part of 380-crew are already cross-qualified for 350, some who are not to follow, some people will switch to continental flying, then fluctuation, normal and incentivized.

346-crew are c-q on either 333/343 or both, so no automatized shedding here, neither.

Slashing fleets equalling slashing senior crew is a bad phantasy. Au contraire, keeping younger seniority in the rank is a key union task. "Troublemakers" remain a necessity.
 
Noshow
Posts: 1626
Joined: Wed Jun 15, 2016 3:20 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Wed Aug 19, 2020 7:56 am

Slashing fleets IS related to crew requirements. And slashing mostly the biggest types in a fleet affects a certain pool of higher ranking people more than others. This is what my remark was about. It's surprisingly quiet about this.
 
mxaxai
Posts: 1911
Joined: Sat Jun 18, 2016 7:29 am

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Wed Aug 19, 2020 8:32 am

Noshow wrote:
Slashing fleets IS related to crew requirements. And slashing mostly the biggest types in a fleet affects a certain pool of higher ranking people more than others. This is what my remark was about. It's surprisingly quiet about this.

The senior crew on the A380 etc. fleets is not going to be laid off. They'll be transferred to other fleets and displace the least senior crew there, which cascades down the seniority list until the youngest crew at LH is left without a job.

Same at DL, who didn't lay off their entire 777 crews, or BA, who didn't fire their 747 crews either.
 
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LAXintl
Posts: 24628
Joined: Wed May 24, 2000 12:12 pm

Re: Updated: Majority of LH Shareholders are Voting for Rescue Package

Wed Aug 19, 2020 4:41 pm

Now LH has a short term deal until the end of the year with pilots that will help reduce cost and give the two sides more time to craft longer-term deal. As part of the agreement, LH agrees on pilot job guarantees until at least March 31, 2021.

https://www.reuters.com/article/us-luft ... SKCN25F1LD
From the desert to the sea, to all of Southern California
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