THE German rail strike this week was suspended when the Deutsche Bahn management and the Gewerkschaft Deutscher Lokomotivfuhrer (GDL) union agreed to non-binding arbitration, Reuters reports.
The suspension would last through the arbitration period from May 27 to June 17. Deutsche Bahn said it will take until Saturday for its train timetable to be fully back on schedule.
The GDL union suspended its ninth strike in the last 10 months that have cost Europe's biggest economy up to EUR100 million (US$110 million) a day.
The union, which represents 20,000 of Deutsche Bahn's 200,000 workers, accepted arbitration after management accepted its demand to represent non-train drivers, thus, that issue will not be subject to arbitration.
Twenty per cent of German freight, or 620,000 tonnes, moves by rail, and economists warn the strike could cost as much as EUR750 million a day in lost output, cutting second quarter GDP 0.1 per cent.
The union wants a five per cent pay rise and a shorter workweek. Management offers 4.7 per cent pay rise plus a one-off bonus of EUR1, 000.
LOGISTICS
24 May 2015 - 19:18
German rail strike ends, 2 sides agree to non-binding arbitration
THE German rail strike this week was suspended when the Deutsche Bahn management and the Gewerkschaft Deutscher Lokomotivfuhrer (GDL) union agreed to non-binding arbitration, Reuters reports.
LOGISTICS
24 May 2015 - 19:18
German rail strike ends, 2 sides agree to non-binding arbitration
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