June 9, 2001 |
Lufthansa averted more damaging strikes by sealing a pay deal with its disgruntled pilots. But the contract could bruise the German company's finances and drew venom from other union leaders who say the pilots got too much. The three-year, three-month pact, which includes a raise of 28.7% in the first year, ends a dispute that proved an embarrassment and financial liability to Europe's second-biggest airline. Pilots staged two 24-hour strikes in May, costing the company more than $23 million.