1-Oct-2012 12:00 PM

Cargolux ends collective work agreement

Cargolux announced (28-Sep-2012) it has decided to repudiate the current collective work agreement in force, due to expire on 31-Dec-2012. The airline will commence negotiations with the unions representing employees in order to work towards achieving "a level of labour cost and improvement in productivity that will put the airline into a better position to withstand these challenging times in the market, both now and in the future". The carrier announced that a reduction in labour cost and improvement in productivity are only two of several initiatives to be undertaken by it in order to achieve sustainability in the long term. [more - original PR]