Union wants talks after Cargolux’s record result

The LCGB union would like to enter into talks with Cargolux management after the airline announced record results which the trade body said was built on the back of staff working to their limits.
Yesterday, the airline announced 2017 full year net profit after taxes reach $122.3m, compared with a prior year $5.5m for the European freighter aircraft operator.
The LCGB union said this was the airline’s best-ever result and could not have been achieved without the commitment of staff who worked up to legal limits.
Staff at the airline were "pushed to their limits" the union said.
"Above all, the constant commitment and unprecedented flexibility of the 1,400 employees employed in Luxembourg have enabled Cargoulux to achieve this excellent result," the union said.
"It is mainly these employees who have made concessions at the level of the current collective agreement in order to guarantee the sustainable development of Caroglux."
The union will like to begin talks over the renewal of the collective agreement, it added.
"The LCGB is ready to tackle all these problems with the management in order to find solutions in the interest of the employees and to start constructive negotiations at the level of the renewal of the collective agreement," it said.
"In view of Cargolux’s record profit, the LCGB is confident that management will be ready to begin negotiations with the same level of enthusiasm as the announcement of the record profit achieved through the commitment of all concerned. employees of the company."
When announcing the results, Cargolux chief executive Richard Forson praised staff: "The outstanding results for 2017 are a reflection of Cargolux’ employees’ dedication, passion and commitment to make this year a successful one on all fronts.
"Our employees are at the heart of Cargolux’ success and continually endeavor to ensure all requirements are met to provide customer satisfaction and ensure business sustainability."
Last year it was revealed staff at the airline would each receive a bonus of €2,500 because of the strong performance of the airline.

Read more freighter operator news

Share this story

Related Topics

Latest business news

Hyperion launches aircraft funding platform

Hyperion Aero Capital (Hyperion) has launched an aircraft funding platform focused on financing long-term cargo leasing and leased business jets. Financing for aircraft…

Read More

Share this story

Logistics UK’s new head of trade and devolution

Logistics UK has appointed Nichola Mallon as Head of Trade and Devolved Policy. With over 14 years of experience working…

Read More

Share this story

IATA: Airlines to return to profit next year but cargo under pressure

By Damian Brett

Airline association IATA is expecting airlines to return to profit next year after three years of losses due to the…

Read More

Share this story