Pilots’ union approves 40% wage cut

In other news, the convention of Czech Airlines’ pilots’ union has approved a wage cut for pilots of up to 40% based on a slew of conditions, including the departure of the company’s management and its continued ownership by the state. The head of the union, Filip Gaspar, said that the wage decrease was an alternative to privatisation, adding that the union would only sign the relevant contractual documentation with the new management. The union’s other conditions are to be announced Friday. The finance ministry is currently weighing up the sole bid for around 90 percent of Czech Airlines from the Unimex-Travel Service Consortium. The government should give its verdict on whether the sale can go ahead by the end of the month.