Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

World News

Travel disruption hits Germany amid largest strike in decades

BERLIN/FRANKFURT — Airports and bus and train stations across Germany were at a standstill on Monday morning, disrupting millions of commuters and travelers at the start of the work week during one of the largest walkouts in decades in Europe’s largest economy.

The 24-hour strikes called by the Verdi trade union and railway and transport union EVG were the latest in months of industrial action that has hit major European economies as higher food and energy prices dent living standards.

Two of the country’s largest airports, Munich and Frankfurt, suspended flights, while long-distance rail services were cancelled by German rail operator Deutsche Bahn DBN.UL.

The Verdi union is negotiating on behalf of around 2.5 million employees in the public sector, including in public transport and at airports, while railway and transport union EVG negotiates for around 230,000 employees at railway operator Deutsche Bahn and bus companies.

Frank Werneke, head of the Verdi labor union, who spoke of the largest strike in decades, said the labor action was a matter of survival for millions of workers amid high inflation, according to the Bild am Sonntag newspaper.

German consumer prices rose more than anticipated in February — up 9.3% from a year earlier — as cost pressures remained even as the European Central Bank has been trying to tame them with a series of interest-rate increases.

EVG chairman Martin Burkert told the Augsburger Allgemeine newspaper’s Monday edition that employers had not yet made a viable offer and warned that further warning strikes were possible, including over the upcoming Easter holiday period.

Deutsche Bahn on Sunday said the strike was “completely excessive, groundless and unnecessary,” and employers are warning that higher wages for transport workers would result in higher fares and taxes to make up the difference. — Reuters

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    Business

    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...

    Business

    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...

    Business

    Since the rise of online casinos, cybersecurity has become a major concern for both casino operators and players alike. The transactions that go around...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 rightdecisionnow.com | All Rights Reserved