Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries German train drivers' union calls for another strike amid bitter compensation dispute By: FOXNews.com March 11, 2024 at 15:47 PM EDT Germany's GDL union, which represents many of the Western European country's train drivers, has called for another strike amid a dispute with Deutsche Bahn. A union representing many of Germany's train drivers has called for another strike in a long and bitter dispute with the state-owned main railway operator over working hours and pay, drawing sharp criticism from the country's transport minister.The GDL union called on drivers of Deutsche Bahn's passenger trains to walk out for 24 hours starting at 2 a.m (0100 GMT). Tuesday. Meanwhile, drivers of freight trains will walk off the job from 6 p.m. (1700 GMT) Monday.ONGOING STRIKES THWART FLIGHTS, TRAIN RIDES OUT OF GERMANYThe walkout was announced on Sunday evening, in keeping with a union announcement last week that it would no longer give a 48-hour notice before striking. It follows a 1 1/2-day walkout last week.The main sticking point in the dispute that has dragged on for months is GDL's demand for working hours to be reduced from 38 to 35 hours per week without a pay cut.In several weeks of talks between the two sides, moderators suggested a reduction from 38 to 36 hours by 2028, but details of their proposal didn't satisfy GDL. The union demanded a new offer by Sunday evening, which wasn't forthcoming.Transport Minister Volker Wissing told the Bild newspaper that "striking instead of negotiating is irresponsible." He pressed GDL to resume talks and said formal arbitration proceedings must be launched.GDL chairman Claus Weselsky "is overstepping the mark further and further," Wissing added.Private operators run some regional train services in Germany, unaffected by the dispute with Deutsche Bahn. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
German train drivers' union calls for another strike amid bitter compensation dispute By: FOXNews.com March 11, 2024 at 15:47 PM EDT Germany's GDL union, which represents many of the Western European country's train drivers, has called for another strike amid a dispute with Deutsche Bahn. A union representing many of Germany's train drivers has called for another strike in a long and bitter dispute with the state-owned main railway operator over working hours and pay, drawing sharp criticism from the country's transport minister.The GDL union called on drivers of Deutsche Bahn's passenger trains to walk out for 24 hours starting at 2 a.m (0100 GMT). Tuesday. Meanwhile, drivers of freight trains will walk off the job from 6 p.m. (1700 GMT) Monday.ONGOING STRIKES THWART FLIGHTS, TRAIN RIDES OUT OF GERMANYThe walkout was announced on Sunday evening, in keeping with a union announcement last week that it would no longer give a 48-hour notice before striking. It follows a 1 1/2-day walkout last week.The main sticking point in the dispute that has dragged on for months is GDL's demand for working hours to be reduced from 38 to 35 hours per week without a pay cut.In several weeks of talks between the two sides, moderators suggested a reduction from 38 to 36 hours by 2028, but details of their proposal didn't satisfy GDL. The union demanded a new offer by Sunday evening, which wasn't forthcoming.Transport Minister Volker Wissing told the Bild newspaper that "striking instead of negotiating is irresponsible." He pressed GDL to resume talks and said formal arbitration proceedings must be launched.GDL chairman Claus Weselsky "is overstepping the mark further and further," Wissing added.Private operators run some regional train services in Germany, unaffected by the dispute with Deutsche Bahn. Related Stocks: Fancamp Exploration Ltd