EconomyLens.com
No Result
View All Result
Wednesday, August 6, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Deutsche Bahn and train drivers reach deal in wage dispute

David Peterson by David Peterson
March 26, 2024
in Economy
Reading Time: 6 mins read
A A
1
20
SHARES
248
VIEWS
Share on FacebookShare on Twitter

Further details on the deal ending the wage dispute will be announced in a press conference on Tuesday, the union said. ©AFP

Berlin (AFP) – Germany’s Deutsche Bahn rail operator and the GDL train drivers’ union have reached a deal in a wage dispute that has caused months of crippling strikes in the country, the union said on Monday.

Related

Taiwan’s orchid growers dig in as US tariffs shoot up

Brazil seeks WTO relief against Trump tariffs

Swiss president hopes Washington talks avert surprise tariff

German factory orders fall amid tariff, growth woes

Natural disasters caused $135 bn in economic losses in first half of 2025: Swiss Re

“The German Train Drivers’ Union (GDL) and Deutsche Bahn have reached a wage agreement,” GDL said in a statement.

Further details will be announced in a press conference on Tuesday, the union said.

A spokesman for Deutsche Bahn also confirmed to AFP that an agreement had been reached.

Train drivers have walked out six times since November, causing disruption for huge numbers of passengers. The strikes have often lasted for several days and have also caused disruption to freight traffic, with the most recent walkout in mid-March.

In late January, rail traffic was paralysed for five days on the national network in one of the longest strikes in Deutsche Bahn’s history.

GDL has been demanding more money for its members as well as a 35-hour week for the same salary as the current 38-hour week.

Deutsche Bahn had recently offered up to 13 percent more pay, as well as the option of cutting the working week down to 37 hours starting in 2026.

Europe’s largest economy has faced industrial action for months as workers and management across multiple sectors wrestle over terms amid high inflation and weak business activity.

The strikes have exacerbated an already gloomy economic picture, with the German economy shrinking 0.3 percent across the whole of last year.

– Growing pressure –

Last year’s walkouts cost Deutsche Bahn some 200 million euros ($217 million), according to estimates by the operator, which overall recorded a net loss for 2023 of 2.35 billion euros.

Germany has historically been among the countries in Europe where workers went on strike the least. But since the end of 2022, the country has seen growing labour unrest, while real wages have fallen by four percent since the start of the war in Ukraine.

German airline Lufthansa is also locked in wage disputes with ground staff and cabin crew. Several strikes have severely disrupted the group’s business in recent weeks and will weigh on first-quarter results, according to the group’s management.

Airport security staff have also staged several walkouts since January.

Some politicians have called for Germany to put in place rules to restrict critical infrastructure like rail transport from industrial action. But Chancellor Olaf Scholz has rejected the calls, arguing that “the right to strike is written in the constitution…and that is a democratic right for which unions and workers have fought”.

The strikes have piled growing pressure on the coalition government between Scholz’s Social Democrats, the Greens and the pro-business FDP, which has scored dismally in recent opinion polls.

The far-right AfD has been enjoying a boost in popularity amid the unrest with elections in three key former East German states due to take place later this year.

© 2024 AFP

Tags: Germanystrikewage dispute
Share8Tweet5Share1Pin2Send
Previous Post

Iraq Central Bank says regulated dollar transactions rising

Next Post

Geopolitical tensions boost oil prices on mixed day for global equities

David Peterson

David Peterson

Related Posts

Economy

German factory orders fall amid tariff, growth woes

August 6, 2025
Economy

Taiwan’s orchid growers dig in as US tariffs shoot up

August 6, 2025
Economy

Steeper US tariffs take effect on many Brazilian goods

August 5, 2025
Economy

Trump says pharma, chips tariffs incoming as trade war widens

August 5, 2025
Economy

Trump signals tariffs on pharma, chips as trade war widens

August 5, 2025
Economy

US trade gap shrinks on imports retreat as tariffs fuel worries

August 5, 2025
Next Post

Geopolitical tensions boost oil prices on mixed day for global equities

UK says China targeted 'democratic institutions' in cyber campaign

Ousted WeWork co-founder bids to buy company: reports

Asian markets mixed as traders weigh US rate outlook

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Taiwan’s orchid growers dig in as US tariffs shoot up

August 6, 2025

US government gets a year of ChatGPT Enterprise for $1

August 6, 2025

Brazil seeks WTO relief against Trump tariffs

August 6, 2025

McDonald’s sees US rebound but says low-income diners remain stressed

August 6, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.