Mexican Media Brands
German Workers, Employers Agree on 4% Wage Hike
Germany's IG Metall metalworkers union and the country's employers group have reached an agreement that would give workers a 4.3% raise over 13 months.
#labor
Share
Germany's IG Metall metalworkers union and the country's employers group have reached an agreement that would give workers a 4.3% raise over 13 months.
The increase is equivalent to a 4% annual gain double the inflation rate and the biggest wage hike the union has won in at least five years.
Workers had demanded a 6.5%, and employers offered 3%. The German government has encouraged companies to be more generous with wages, which could boost the country's consumer spending.
The union was unsuccessful in its quest for a mandate that would make temporary employees permanent after only a few months on the job. But permanent jobs will be mandated only for temporary staff after two years.
RELATED CONTENT
-
Tesla Fires Hundreds of Employees It Considers Sub-Par
Tesla Inc. dismissed roughly 400 hourly and salaried employees last week, according to The Mercury News in San Jose, Calif.
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.
-
UPDATE: UAW, GM Reach Tentative Labor Deal
General Motors Co. and the United Auto Workers union have reached a possible deal on a new four-year labor contract covering some 48,000 of the union’s hourly workers in the U.S.