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Lufthansa strike suspended

22 February 2010

Lufthansa pilots in Germany agreed to suspend for two weeks a strike that grounded about 900 flights on Monday.

Some 4,000 Lufthansa pilots took part in a stoppage that was meant to last for four days, leaving thousands of passengers around the world stranded, on concerns the company could try to cut staff costs by shifting jobs to foreign units.

Lufthansa aims to cut 1 billion euros ($1.36 billion) of costs by 2011, to become more lean while expanding abroad.

source: Reuters

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