Strikes Hobble German Railways, Airports

An ODEG train arrives at the main train station during a nationwide strike called by Germany's train drivers union GDL over wage increases, in Berlin, Germany. REUTERS/Annegret Hilse Purchase Licensing Rights
An ODEG train arrives at the main train station during a nationwide strike called by Germany's train drivers union GDL over wage increases, in Berlin, Germany. REUTERS/Annegret Hilse Purchase Licensing Rights
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Strikes Hobble German Railways, Airports

An ODEG train arrives at the main train station during a nationwide strike called by Germany's train drivers union GDL over wage increases, in Berlin, Germany. REUTERS/Annegret Hilse Purchase Licensing Rights
An ODEG train arrives at the main train station during a nationwide strike called by Germany's train drivers union GDL over wage increases, in Berlin, Germany. REUTERS/Annegret Hilse Purchase Licensing Rights

Germany faced strikes on several fronts on Thursday, as train drivers and airport workers walked off the job, causing chaos for millions of travellers and adding to the country's economic woes at a time of looming recession.

The strikes are the latest in a wave of industrial actions to hit Germany, where high inflation and staff bottlenecks have soured wage negotiations in key parts of the transport sector, including national rail, air travel and public transport, Reuters reported.

Industry has warned about the costs of such strikes, after Europe's largest economy contracted by 0.3% in 2023 and the government warned of a weaker-than-expected recovery.

A one-day nationwide rail strike costs around 100 million euros ($107 million) in economic output, Michael Groemling, head of economic affairs at IW Koeln, told Reuters during GDL's last strike in late January.

Train drivers began a fifth round of strikes in a long-running dispute at 2 a.m. (0100 GMT), after a walkout in the cargo division started on Wednesday evening.

Also on strike were airline ground staff at Lufthansa (LHAG.DE), opens new tab and security staff at some airports. These included Germany's busiest Frankfurt hub, whose operator Fraport said 650 of Thursday's 1,750 planned flights had been cancelled.

The train drivers' walkout, set to last until Friday afternoon, marks the beginning of a series of strikes planned by GDL as it pushes for reduced working hours at full pay.

"The motivation is high to follow through with the conditions that we have set as GDL members," said train driver Philipp Grams at the picket line in Cologne.

Just one in five long-distance trains was running, rail operator Deutsche Bahn said, but passengers showed some understanding.

"I don't like it much, but if it makes a difference, if people want to change something, why not?" said Katerina Stepanenko, standing on the platform at Cologne's main station.

Deutsche Bahn has accused the union of refusing to compromise.

"The other side doesn't budge a millimetre from its maximum position," spokesperson Achim Stauss said.

Economy Minister Robert Habeck, however, said he had lost sympathy for the strikers.

"It must be possible to find a solution and not push your own interests so radically at the expense of other people; I no longer think that's right," he told broadcaster RTL/ntv.

The ADV airport association, meanwhile, warned that strikes in the aviation sector, which on Thursday took place in Hamburg, Duesseldorf and Frankfurt, were damaging Germany's reputation as a centre for business and tourism.

Lufthansa ground staff began a two-day strike on Thursday, and further woes were brewing for Germany's flag carrier after cabin crews voted on Wednesday for industrial action, with the UFO union assessing the next steps.

Reporting its annual results, Lufthansa warned that strikes were a factor that would lead to a higher-than-expected operating loss in the first three months of 2024.



Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)
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Riyadh Hosts Saudi-Egyptian Industrial Forum

Officials are seen at the forum on Monday. (SPA)
Officials are seen at the forum on Monday. (SPA)

The Saudi-Egyptian Industrial Forum kicked off in Riyadh on Monday under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum aims to bolster strategic industrial cooperation and integration between the two countries.

Organized by the Federation of Saudi Chambers of Commerce in collaboration with the Federation of Egyptian Industries, the forum witnessed the participation of Deputy Minister for Industrial Affairs Eng. Khalil bin Salamah, Saudi Export Development Authority CEO Abdulrahman Althukair, and 300 prominent Saudi and Egyptian industry leaders and investors.

Bin Salamah underscored the significance of strengthening economic cooperation and industrial integration between Saudi Arabia and Egypt. He advocated for enhanced industrial partnerships within five priority sectors identified in the Kingdom's National Industrial Strategy: pharmaceuticals, automotive, building materials, textiles, and food industries.

He highlighted the evolving strategic integration between the two countries across initiatives like "Saudi Made,Future Factories," and "Made in Egypt," as well as in the broader goods and services sector. Bin Salamah urged Egyptian industrialists to capitalize on the industrial investment opportunities available in the Kingdom, citing its ambitious plans to establish 24,000 new factories over the next decade.

Federation of Saudi Chambers of Commerce Chairman Hassan Alhwaizy hailed the forum as a crucial milestone in Saudi-Egyptian industrial collaboration, emphasizing the strategic partnership underpinning their economic relations, particularly in the industrial sector.

Federation of Egyptian Industries Chairman Mohamed El-Sewedy stated that current global challenges are accelerating the need for industrial integration between the two countries, strengthening their partnership to tap into the African market's potential.

Saudi-Egyptian Business Council Chairman Bandar Al-Ameri highlighted the substantial growth in trade exchange between Saudi Arabia and Egypt in recent years, fueled by developing economic partnerships between their respective business communities. He emphasized that signing the agreement to protect and encourage mutual investments represents a strategic achievement serving their shared interests.