FRANKFURT--Pilots of Germany's Augsburg Airways, which conducts regional flights on behalf of Deutsche Lufthansa AG (LHA.XE), will go on strike Tuesday, labor union Vereinigung Cockpit said Monday.

The strike will last from 0600 to 2200 local time, the union said in a press release. The pilots intend to press the regional carrier to agree on compensation payments for the pilots who will be laid off because Augsburg Airways will cease operations on Oct. 31, according to the union.