Massive Pay Strike to Cripple German Transport Amid Inflation Crisis

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Source: Reuters
Massive Pay Strike to Cripple German Transport Amid Inflation Crisis
Photo: Reuters
TL;DR Summary

A massive strike in Germany is set to cripple mass transport and airports in one of the biggest walkouts in decades as Europe's largest economy reels from soaring inflation. The Verdi union is negotiating on behalf of around 2.5 million employees in the public sector, including in public transport and at airports. Verdi is demanding a 10.5% wage increase, which would see pay rising by at least 500 euros ($538) per month, while EVG is asking for a 12% raise or at least 650 euros per month. Employers are warning that higher wages for transport workers would result in higher fares and taxes to make up the difference.

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