Demonstrators march through downtown Halle (Saale), Germany, on March 23. DPA / AP
Demonstrators march through downtown Halle (Saale), Germany, on March 23. DPA / AP
Demonstrators march through downtown Halle (Saale), Germany, on March 23. DPA / AP
Demonstrators march through downtown Halle (Saale), Germany, on March 23. DPA / AP

Transport workers in Germany announce countrywide strike on Monday


Soraya Ebrahimi
  • English
  • Arabic

Transport strikes will paralyse much of Germany on Monday as workers demand higher wages to cope with surging inflation.

As part of the latest industrial action in Europe's top economy, staff at airports, ports, the railways, buses and subways will walk out in large parts of the country, the Verdi and EVG unions announced on Thursday.

"We think there will be extensive participation in the strike," Verdi chief Frank Werneke told reporters.

EVG chief Martin Burkert accused employers, who have mostly refused hefty pay demands, of "turning a blind eye to the economic hardship of the workers that we represent".

There have been strikes in recent months in Germany in many areas, from the postal service to airports and local transport.

Germans are struggling with high inflation — it hit 8.7 per cent in February — after Russia's invasion of Ukraine sent food and energy costs soaring.

Verdi represents about 2.5 million public sector employees, while EVG represents workers on the railways and at bus companies.

It is rare for unions to join forces to call a strike in Germany, and it follows a series of failed talks with employers in recent weeks.

Verdi is demanding a rise of 10.5 per cent in monthly salaries, while EVG is demanding a 12 per cent rise for those it represents.

Chairman of the Verdi trade union Frank Werneke, left, and chairman of the EVG union Martin Burkert in Berlin on March. EPA
Chairman of the Verdi trade union Frank Werneke, left, and chairman of the EVG union Martin Burkert in Berlin on March. EPA

Employers, mostly public sector companies, have so far refused the demands, instead offering a rise of five per cent with two one-off payments of €1,000 ($1,100) and €1,500, this year and next.

Rail operator Deutsche Bahn said all long-distance and most regional services would not run on Monday, and criticised the strike as "groundless and unnecessary".

"EVG must face up to its responsibility and return to the negotiating table immediately," Deutsche Bahn's human resources chief Martin Seiler said.

The country's airport association said about 380,000 air travellers would be affected, and that the walkout "went beyond any imaginable and justifiable measure".

Employers' representatives are warning that unions are making unreasonable demands and risk alienating the public with the growing wave of strike action.

The announcement of new industrial action came before a third round of salary negotiations for public sector workers, which begin on Monday.

Transport services have already been hit by strikes.

Earlier in March, Bremen, Berlin, Hamburg and Hanover airports cancelled more than 350 flights after security staff walked out, while bus and metro staff in Frankfurt also staged a strike.

But some unions have succeeded in winning big pay increases.

Postal workers won average monthly increases of 11.5 per cent earlier in March, and in November IG Metall, Germany's biggest union, won rises totalling 8.5 per cent for almost four million employees.

Strikes have spread across public services, from hospitals to nurseries, as the hard-fought pay talks play out.

This week, teachers staged a demonstration in Berlin.

"We are a rich country and I think society should be able to say that we give children … a good education," said Jan Exner Konrad, 34.

"We just can't guarantee that right now because there are far too few teachers and many students in the classes."

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
UAE currency: the story behind the money in your pockets
LIVERPOOL SQUAD

Alisson Becker, Virgil van Dijk, Georginio Wijnaldum, James Milner, Naby Keita, Roberto Firmino, Sadio Mane, Mohamed Salah, Joe Gomez, Adrian, Jordan Henderson, Alex Oxlade-Chamberlain, Adam Lallana, Andy Lonergan, Xherdan Shaqiri, Andy Robertson, Divock Origi, Curtis Jones, Trent Alexander-Arnold, Neco Williams

What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

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Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Gender pay parity on track in the UAE

The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.

"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."

Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.

"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.

As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general. 

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

Company%20profile
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EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

STAY%2C%20DAUGHTER
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Fourth-round clashes for British players

- Andy Murray (1) v Benoit Paire, Centre Court (not before 4pm)

- Johanna Konta (6) v Caroline Garcia (21), Court 1 (4pm)

The biog

Name: Younis Al Balooshi

Nationality: Emirati

Education: Doctorate degree in forensic medicine at the University of Bonn

Hobbies: Drawing and reading books about graphic design

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Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Updated: March 24, 2023, 6:06 AM