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World

Flights cancelled as Lufthansa pilots strike

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World

Flights cancelled as Lufthansa pilots strike

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COMING UP:Flights cancelled as Lufthansa pilots strike

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Transcript

00:00:01
>> 900 flights cancelled and counting, Lufthansa's pilots in Germany going on a two day strike, their 14th since April. They demand more pay and up to a 100,000 passengers could be affected.>> We haven't received a pay increase for more than five years and we called on Lufthansa to make us an offer.
00:00:20
So far we only have a sham offer on the table, for everything they offer we're supposed to cut something elsewhere in the labor agreement. We're not happy with that, and we demand a negotiable offer.>> The pilots union is demanding a pay raise of 3.7%, retroactive back to 2012.
00:00:39
And although the company posted record profits last year its management won't budge beyond a 2.5% increase spaced out over six years. They say it needs to cut costs to compete.>> We offered an overall solution which was turned down. We then negotiated about a labor agreement, and that pay increase too was turned down.
00:00:59
We then said our positions are too far apart, and that we would go into arbitration. That, too, was turned down.>> The bills are adding up, the company estimates this strike could cost them over $10 million a day. But for many passengers the cost will be another lost day of travel.