AGL 39.51 Decreased By ▼ -0.49 (-1.23%)
AIRLINK 128.30 Decreased By ▼ -0.76 (-0.59%)
BOP 6.83 Increased By ▲ 0.08 (1.19%)
CNERGY 4.70 Increased By ▲ 0.21 (4.68%)
DCL 8.45 Decreased By ▼ -0.10 (-1.17%)
DFML 40.91 Increased By ▲ 0.09 (0.22%)
DGKC 82.38 Increased By ▲ 1.42 (1.75%)
FCCL 33.03 Increased By ▲ 0.26 (0.79%)
FFBL 74.20 Decreased By ▼ -0.23 (-0.31%)
FFL 11.88 Increased By ▲ 0.14 (1.19%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.11 Increased By ▲ 0.36 (2.62%)
KEL 5.22 Decreased By ▼ -0.09 (-1.69%)
KOSM 7.53 Decreased By ▼ -0.19 (-2.46%)
MLCF 39.09 Increased By ▲ 0.49 (1.27%)
NBP 63.80 Increased By ▲ 0.29 (0.46%)
OGDC 193.74 Decreased By ▼ -0.95 (-0.49%)
PAEL 25.60 Decreased By ▼ -0.11 (-0.43%)
PIBTL 7.33 Decreased By ▼ -0.06 (-0.81%)
PPL 153.55 Decreased By ▼ -1.90 (-1.22%)
PRL 25.98 Increased By ▲ 0.19 (0.74%)
PTC 17.31 Decreased By ▼ -0.19 (-1.09%)
SEARL 81.00 Increased By ▲ 2.35 (2.99%)
TELE 7.64 Decreased By ▼ -0.22 (-2.8%)
TOMCL 33.48 Decreased By ▼ -0.25 (-0.74%)
TPLP 8.53 Increased By ▲ 0.13 (1.55%)
TREET 16.43 Increased By ▲ 0.16 (0.98%)
TRG 56.84 Decreased By ▼ -1.38 (-2.37%)
UNITY 27.60 Increased By ▲ 0.11 (0.4%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,522 Increased By 76.8 (0.74%)
BR30 31,187 Decreased By -2.5 (-0.01%)
KSE100 98,392 Increased By 593.9 (0.61%)
KSE30 30,700 Increased By 219.2 (0.72%)

Germany's rail network began gradually returning to normal on Sunday after train drivers ended a near one-week-long strike, the longest in the history of state-owned rail operator Deutsche Bahn. However, aspects of the dispute over pay and negotiating rights remain unresolved and the train drivers' union has so far refused to heed a government call for mediation, raising concerns it could call further stoppages.
The strike has caused major disruption in a country where about 5.5 million passengers use the train network each day and one-fifth of freight - some 620,000 tonnes a day - is hauled by rail.
Economists said the stoppage, which began on freight trains on Monday and spread to passenger trains on Tuesday, could cut second-quarter economic growth by 0.1 percentage point, costing Europe's biggest economy up to 750 million euros.
There would still be some disruptions in rail services during Sunday but normal operations should be restored by Monday, Deutsche Bahn said in a statement.
The GDL union, which represents 20,000 train drivers, launched the walkout to back demands for it to negotiate a 5 percent pay rise and a reduction in the work week to 37 hours from 39 on behalf of other rail workers including train stewards.
Deutsche Bahn, which has 200,000 employees, has offered its drivers a 4.7 percent pay rise plus a one-off payment of 1,000 euros (around $1,120).

Copyright Reuters, 2015

Comments

Comments are closed.