Originally Posted by
CalFlyer
I would not be surprised if it were more than this. Maybe €5M is the direct cost (for compensation, rerouting, etc.), but I would guess that the number is much higher from a lost revenue point of view. I am diverting quite some business from LH to other carriers, for the time being.
Given the 5.498 billion EUR salary costs in 2007 a rise of salary by 3% (difference between LH offer and what verdi asks for) is ~165 mio EUR p.a.
(I know that this is just a really rough estimation.) In connection with the 5 mio EUR loss per day this is quite a lot of money. So LH and Verdi should settle their dispute rather soon or there won't be a winner. (There is no winner anyway IMHO
).