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Ryanair reaches deal with German pilot union


(Reuters) - on Tuesday announced it had reached a framework agreement with German pilot union VC on wages and benefits in a breakthrough in its efforts to bring a year-old staff revolt to an end.

VC was responsible for Ryanair's first ever pilot strike in December last year.

Ryanair, which has faced a series of strikes across this year, has said it hopes to come to agreements with unions in its main markets before the end of March.

The four-year deal includes agreements on pay, pension, pilot allowances and annual leave and will be fleshed out in detailed documents to be signed by the end of February, Europe's biggest said.

"While it is not a full CLA (collective labour agreement) yet, this is clear progress by and the VC union, which has been one of the more troublesome unions to date," airlines analyst said in a note.

"Given the progress it looks as it fears over a German strike at are now unlikely," he said.

shares were up 1.3 percent at 11.67 euros at 0810 GMT.

(Reporting by in Bengaluru and Conor Humphries in Dublin; editing by and Keith Weir)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 13:48 IST