NEWS Lufthansa, cabin crew fail to reach deal on pension scheme

The latest round of talks between German airline Lufthansa and its cabin crew workers has failed, with union UFO rejecting the German airline’s latest offers as “missing the point”. The German carrier is currently negotiating with staff from various parts of its business as it tries to cut costs to compete more effectively with low cost carriers and Gulf rivals. It has said in talks with union UFO, which represents around 19,000 flight attendants, that low interest rates meant it could no longer afford the retirement scheme it has been offering to cabin crew, which cost it 3.7 billion euros ($4.19 billion) last year and allowed workers to retire at the age of 55.