Cargolux and trade union LCGB met on Wednesday to discuss plans to reduce operating costs whilst retaining employee wages.
Negotiations have been underway since September last year, with the LCGB proposing to the Cargolux Board a new collective agreement which would result in reduced costs of up to $9 million annually but which would forego cuts to staff salaries. The savings would instead be created by increasing the productivity of pilots.
The measures proposed by the LCGB would enable Cargolux to reduce both short- and long-term cists, especially with regards to aircrew, in order to remain competitive in an internationally-competitive air cargo market and to foster more growth in Luxembourg.
This would also strengthen the Luxembourg site, guarantee existing jobs, and facilitate and encourage the creation of new jobs in the Grand Duchy.
The next negotiation meeting has been scheduled for 11 November 2015.
