The Vereinigung Cockpit union finally reached an agreement after years of negotiations with the German airport Lufthansa, settling on a contract with broad coverage that boosts salaries a total of 10.3 percent, to be dispersed in stages, and a one-time payment of up to 1.8 times employees’ monthly salaries. The contract is set to expire in 2022 and includes more flexible working hours and a reformed pension plan scheme. After it was signed on Monday, shares in Lufthansa increased 3.5 percent to the highest they’ve been in sixteen years.
See "Lufthansa, pilots' union bring end to strikes with signing of labor deal", Victoria Bryan, Reuters, October 10, 2017