Air France offers staff 4% raise in bid to end standoff

Air France-KLM offered its French pilots and staff a 4% raise, a union source said Monday, in a bid to end a pay standoff that has resulted in damaging strikes and the departure earlier this year of the group's last CE. During a meeting with unions Saturday, new CE Ben Smith proposed a 2% raise retroactively applied from the start of the year, plus another 2% next January, the union official said. Unions may respond as soon as Tuesday to the proposal, which would include a further pay review in Oct 2019, he added. The SNPL pilots' union and others had been demanding a 5.1% pay hike to compensate for inflation that had eroded real pay levels in recent years. Air France declined to comment on the offer. "These were discussions with social partners and not negotiations," the company said. <br/>
Reuters
https://finance.yahoo.com/news/air-france-offers-staff-4-114057542.html
10/8/18