ROUNDUP 2: Arbitrator defuses collective bargaining conflict for aviation security staff

BERLIN/FRANKFURT - After a strike-ridden spring, the risk of further work stoppages in the aviation industry has decreased significantly. Since Monday, an arbitration recommendation has been in place for the approximately 25,000 aviation security controllers, which is supported by employers and unions. It is still subject to the approval of the respective committees, for which the Verdi union has set a deadline of Tuesday afternoon. Acceptance is considered likely.

ROUNDUP 2: Frankfurt again main hub for Tui - farewell to London

FRANKFURT AM MAIN - The world's largest travel group Tui is once again a German company on the stock exchange. This Monday, the share, whose main listing was in London for almost ten years, returns to Frankfurt. "Frankfurt is our stock exchange again as of today," said Group CEO Sebastian Ebel. This is a milestone for the Hanover-based company. Ebel rang the Borsen bell in Frankfurt this morning together with CFO Mathias Kiep. The initial share price was 7.73 euros. The shares will also be listed in London until June, when trading there will be discontinued.

Trade unions increase pressure in Postbank wage dispute

ESSEN/BERLIN - Before the fourth round of negotiations in the wage dispute at Postbank, the trade unions Verdi and the Deutsche Bank Employees' Association (DBV) are increasing the pressure with renewed warning strikes. From Tuesday up to and including Wednesday, employees in the service units (back office) and call centers throughout Germany are to strike, as Verdi announced on Monday. "Despite weeks of negotiations, the employer is still not prepared to make any substantial concessions to Postbank employees," said Jan Duscheck, head of negotiations.

ROUNDUP 2: Activists blockade Mercedes plant in Bremen for hours

BREMEN - Climate activists blocked the rail link to the Mercedes plant in Bremen on Monday morning. Some of them chained themselves to the tracks, according to a police spokesman. Investigators were able to end the blockade after almost seven hours.

ROUNDUP: Growing consumer anger - Significantly more complaints to Bafin

FRANKFURT - Poor customer service, problems with the IT changeover at Postbank, sluggish payment of insurance benefits: Last year, the financial supervisory authority Bafin received more complaints from consumers about banks, insurers and securities service providers than ever before since the authority began publishing its figures. The number of complaints increased significantly by 62 percent to 38,233 cases compared to the previous year. Bank customers were particularly displeased. "A significant proportion of the complaints about disruptions in private customer service at the banks were made by a financial institution," explained Christian Bock, head of the Bafin consumer protection department on Monday.

US airline Spirit postpones Airbus order

SEOUL - The US low-cost carrier Spirit Airlines is delaying the delivery dates of ordered Airbus aircraft by years. This saves money. The aircraft ordered for the second quarter of 2025 to the end of 2026 will now be delivered in 2030 and 2031, the US airline announced on Monday. This has been agreed with Airbus. There were no details on the order volume. However, it was said that the agreement would improve Spirit's liquidity situation by around 340 million US dollars over the next two years. The postponements also do not affect direct leasing machines, which are expected in the period mentioned.

TSMC receives billions in grants and loans for three factories in the US

HSINCHU - The USA wants to support the Taiwanese chip manufacturer TSMC with grants and loans worth billions for the construction of factories in Arizona. The company is to receive a total of 6.6 billion US dollars (around 6.09 billion euros) in grants and up to five billion dollars (4.6 billion euros) in loans. As part of a preliminary agreement, TSMC will build a third factory in Phoenix, as the company announced on Monday. This is to be added to the production facilities already planned in Arizona, which are scheduled to start production in 2025 and 2028. The company is thus investing more than 65 billion dollars in the state.

Network operator Fluxys joins Baltic Sea connection pipeline for LNG

DÜSSELDORF - The Belgian network operator Fluxys is participating in the Baltic Sea Pipeline Link (OAL) between the controversial LNG terminal in Mukran on the island of Rügen and Lubmin in Mecklenburg-Western Pomerania. To this end, the subsidiary Fluxys Deutschland GmbH has acquired 25 percent of the shares in OAL from the transmission system operator Gascade, both companies announced in Düsseldorf on Monday. The pipeline, which is around 50 kilometers long, connects the terminal in Mukran with the gas pipeline hub in Lubmin. Fluxys intends to market the transport capacities independently in future.

Southwest Airlines Boeing loses engine cowling

DENVER - A passenger plane of the US airline Southwest Airlines has lost a cover on one of its engines during take-off in Denver. The cowling struck the landing flap, according to a statement from the US Federal Aviation Administration (FAA) on Sunday (local time). The Boeing 737-800 then returned safely to Denver International Airport. No details of the cause of the damage were initially given.

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Further news

-Hamburg-Berlin train line: renovation costs up to 2.2 billion euros

-Alliance calls for one billion euros per year for cycling infrastructure

-Significant increase in consumer complaints to the financial supervisory authority

-Reports: Hertha's head of methodology Broich about to move to BVB

-More passengers on buses and trains

-ROUNDUP: Arbitrator brings wage settlement for aviation security staff

-ROUNDUP: Activists block Mercedes plant in Bremen°

Customer tip:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

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