Austria: Austrian Airline’s works councils accept three savings programs and a 5% wage cut to attract Lufthansa

management of Austrian Airlines (AUA) are ready to do just about anything so that Lufthansa, their German big sister, will buy their company, in very bad shape. From the beginning of 2009 until June, they already negotiated two savings programs, for 425 million euro, and 1,000 job cuts. To support Lufthansa in its attempt, AUA’s works councils and the management presented, on Wednesday, July 15, a third program providing for a 5% wage cut between 2010 and 2015. (Ref. 090751)

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