Germany's largest airline is stuck on the ground, because it's being blackmailed.
The blackmailers are a group of employees who only constitute 10 percent of all people who work for Lufthansa, but receive 40 percent of the money the airline spends on pensions. They are responsible for travelers' lives, but are extremely well paid with yearly wages of up to 250,000 euros ($345,000).
It's the Jocks (jet-wise) against the nerds;
They are members of the proud guild of pilots. ....they're now harming their own airline so significantly - experts estimate the damage to be between 30 and 40 million euros - has me thinking. After all, Lufthansa is in a tough competition with state-financed airlines from the Gulf region, for example. Currently, 15 percent of the stocks belong to Anglo-Saxon investors. They want to see profits, so management has to deliver.
But an equal burden are the 11 billion euros in pension costs which Lufthansa took on in better days. Competitors like Emirates or Etihad don't have this extra responsibility.So, if the Lufthansa pilots want to have jobs in the future, they should take another look at their cards, or so thinks Deutsche Welle's Henrik Böhme.