AGL 39.50 Decreased By ▼ -0.50 (-1.25%)
AIRLINK 128.40 Decreased By ▼ -0.66 (-0.51%)
BOP 6.85 Increased By ▲ 0.10 (1.48%)
CNERGY 4.69 Increased By ▲ 0.20 (4.45%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 40.99 Increased By ▲ 0.17 (0.42%)
DGKC 82.24 Increased By ▲ 1.28 (1.58%)
FCCL 33.15 Increased By ▲ 0.38 (1.16%)
FFBL 74.25 Decreased By ▼ -0.18 (-0.24%)
FFL 11.96 Increased By ▲ 0.22 (1.87%)
HUBC 109.40 Decreased By ▼ -0.18 (-0.16%)
HUMNL 14.12 Increased By ▲ 0.37 (2.69%)
KEL 5.23 Decreased By ▼ -0.08 (-1.51%)
KOSM 7.47 Decreased By ▼ -0.25 (-3.24%)
MLCF 39.34 Increased By ▲ 0.74 (1.92%)
NBP 64.00 Increased By ▲ 0.49 (0.77%)
OGDC 193.24 Decreased By ▼ -1.45 (-0.74%)
PAEL 25.54 Decreased By ▼ -0.17 (-0.66%)
PIBTL 7.30 Decreased By ▼ -0.09 (-1.22%)
PPL 153.15 Decreased By ▼ -2.30 (-1.48%)
PRL 25.55 Decreased By ▼ -0.24 (-0.93%)
PTC 17.58 Increased By ▲ 0.08 (0.46%)
SEARL 81.48 Increased By ▲ 2.83 (3.6%)
TELE 7.67 Decreased By ▼ -0.19 (-2.42%)
TOMCL 33.48 Decreased By ▼ -0.25 (-0.74%)
TPLP 8.44 Increased By ▲ 0.04 (0.48%)
TREET 16.40 Increased By ▲ 0.13 (0.8%)
TRG 56.69 Decreased By ▼ -1.53 (-2.63%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.35 Decreased By ▼ -0.04 (-2.88%)
BR100 10,509 Increased By 63.7 (0.61%)
BR30 31,123 Decreased By -66.8 (-0.21%)
KSE100 98,241 Increased By 442.6 (0.45%)
KSE30 30,674 Increased By 193.7 (0.64%)

The German rail network is set to be hit by widespread disruption after train drivers voted on Monday in favour of what could be the most serious rail strike for 15 years. More than 95 percent of drivers voted to stage a walkout, possibly starting on Wednesday.
The drivers' union, GDL, is calling for a 31-percent rise in salary which would take net pay up to 2,500 euros (3,450 dollars) a month. The union has flatly rejected an offer of a 4.5-percent rise spread over a 19-month period with a 600-euro (827-dollar) bonus.
GDL boss Manfred Schell said he had rejected rail operator Deutsche Bahn's offer of talks because their proposal fell far short of the demands of the 34,000 members represented by the union.
The drivers argue that their salaries fail to reflect the buoyant state of the German economy. Deutsche Bahn chief executive Hartmut Mehdorn angrily told this week's Der Spiegel magazine: "What is happening here has overstepped the mark... the demands are ridiculous. "We are already losing millions every day."
After a series of crippling strikes, Deutsche Bahn struck a deal last month with the Transnet and GDBA rail workers' unions under which employees will receive a 4.5-percent salary hike spread over 19 months from January 2008 as well as a bonus of 600 euros (829 dollars).
The company said it was the steepest wage gain offered to its employees since the end of World War II. GDL however broke ranks with the two other unions. The company has brought legal action in a handful of regional courts in an attempt to block a drivers' strike.
A severe strike would be a blow to the image of Deutsche Bahn, which is to have 49 percent of its capital privatised from 2008. About 10 million people daily use trains in Germany, the highest figure in the 27-nation European Union. A transport ministry spokeswoman called on both sides to resume negotiations.

Copyright Agence France-Presse, 2007

Comments

Comments are closed.