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By Associated Press

BERLIN -- A strike at Germany's flagship airline, Lufthansa, has been averted after a cabin crew union announced it would hold further negotiations with the company.

The cabin crew union UFO said Wednesday that it would cancel previously announced walkouts for Thursday, Friday and Monday.

The union for flight attendants said there would be further talks leading up to a so-called jobs summit with Lufthansa on Dec. 2.

The labor dispute comes as Lufthansa is trying to cut costs amid rising competition from Gulf state airlines.

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Earlier in November, the union went on strike for a week, causing the cancellation of 4,700 flights affecting some 550,000 passengers.