Airports and bus and train stations across Germany have been at a standstill, causing disruption for millions of people during one of the largest walkouts in decades — in Europe's biggest economy — as soaring inflation stokes wage demands.
Germany has been particularly hard hit by higher prices, with inflation rates exceeding the euro-area averageUnions are asking for a double-digit rise after inflation reached 9.3 per cent in February
Employers have offered 5 per cent more wages over a period of 27 months and a one-off payment of 2,500 euros , proposals unions — which are calling for a double-digit rise — call unacceptable amid inflation that reached 9.3 per cent in February. Striking workers wearing high-vis jackets blew horns and whistles, held up banners and waved flags during protests.Germany, which was heavily dependent on Russia for gas before the war in Ukraine, has been particularly hard hit by higher prices, with inflation rates exceeding the euro-area average in recent months.The walkout is the biggest in Germany, which has a long history of collective wage bargaining, since 1992, according to Verdi.
Verdi is negotiating on behalf of around 2.5 million employees in the public sector, including in public transport and at airports, while EVG negotiates for around 230,000 employees at Deutsche Bahn and bus companies."Yes, it's justified but I, for one, never went on strike in my entire life and I have been working for more than 40 years. At the same time, in France they go on strike all the time about something," passenger Lars Boehm said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Millions of Germans face transport disruption in cost of living ‘mega-strike’Monday’s transport stoppages include workers at airports, railways, buses and metro lines
Read more »
Why don’t companies pay employees’ student loans, asks David LloydLet’s find ways to ensure everyone gets to go to university if they want to, and stay on to graduate, says a leading vice-chancellor.
Read more »
Banking stress puts US, Europe on watch for credit crunchThe sudden spike in tensions for banks has raised questions about whether major central banks will continue to pursue aggressive interest rate hikes.
Read more »
AFR Banking Summit: Banking contagion restricted to Europe, US, says Anna BlighThe Australian Banking Association CEO tells the AFR Banking Summit that Australia is ‘unlikely’ to have any banks fall due to the country’s stringent regulations; Stephen Jones says banks and telcos must take up the fight against $4b in scams. Follow updates here.
Read more »
Brookfield to pour billions into energy transition via Origin takeoverThe $18.7 billion deal by the North American pair to buy Origin is “a great outcome” for shareholders, customers and employees, Origin CEO Frank Calabria said.
Read more »
Brookfield to pour billions into energy transition via Origin takeoverThe $18.7 billion deal by the North American pair to buy Origin is “a great outcome” for shareholders, customers and employees, Origin CEO Frank Calabria said.
Read more »