On Wednesday (24th), German train drivers began their longest industrial protest, with economic experts estimating potential losses of up to 1 billion euros (approximately 8.5 billion Hong Kong dollars).
The passenger trains will go on strike starting from 2 am on Wednesday until 5 pm on Monday (29th), while the freight trains will go on strike starting from Tuesday (23rd). This is the 4th strike since November last year. The union is demanding a salary increase, compensation for inflation, and a reduction in weekly working hours from 38 to 35 without decreasing wages.
According to German Transport Minister Winstein, the 6-day industrial action has caused significant damage as a result of the attacks by the Houthi movement on commercial ships in the Red Sea, putting pressure on shipping supplies. A spokesperson for the German Railway Company stated that this prolonged action is targeting the country's economy, including the supply of railway freight to power plants. The company has pledged to do everything possible to ensure the supply chain, but it will inevitably be affected.
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