![[Germany] IG Metall seeking 7% pay bump for millions of workers](http://gpa.net/cdn/shop/articles/bigstock-Worker-in-manufacturing-plant--82970321_1200x.jpg?v=1718858797)
Germany’s biggest industrial union has announced that it will seek a 7 per cent pay hike for millions of workers in negotiations starting later this year. It contended that companies such as automakers and machinery manufacturers are in a position to afford an increase, HR World reports.
On June 17, IG Metall leadership stated that the union was recommending a demand for a significant wage bump for 3.9 million workers because of “a persistently high price level.”
It reportedly said that companies have well-filled order books and - though prices are no longer accelerating as fast as previously - one-time payments agreed in the last settlement have been swallowed by inflation.
In the last round of pay talks in late 2022, IG Metall and employers agreed on raises totalling 8.5 per cent over two years together with one-time payments totalling €3,000 each; intended as a buffer against sky-high inflation. The government, hoping to address the impact of rising prices while preventing an inflationary spiral, was in favour of promoting such tax-free payments.
On this occasion, IG Metall reportedly called for a 7 per cent raise and a one-year deal. It said it understands the volatile situation that some companies are in. However, it argued that this does not detract from the industry’s overall solidity and an improving economic outlook.
Source: HR World
(Link and quote via original reporting)
Germany’s biggest industrial union has announced that it will seek a 7 per cent pay hike for millions of workers in negotiations starting later this year. It contended that companies such as automakers and machinery manufacturers are in a position to afford an increase, HR World reports.
On June 17, IG Metall leadership stated that the union was recommending a demand for a significant wage bump for 3.9 million workers because of “a persistently high price level.”
It reportedly said that companies have well-filled order books and - though prices are no longer accelerating as fast as previously - one-time payments agreed in the last settlement have been swallowed by inflation.
In the last round of pay talks in late 2022, IG Metall and employers agreed on raises totalling 8.5 per cent over two years together with one-time payments totalling €3,000 each; intended as a buffer against sky-high inflation. The government, hoping to address the impact of rising prices while preventing an inflationary spiral, was in favour of promoting such tax-free payments.
On this occasion, IG Metall reportedly called for a 7 per cent raise and a one-year deal. It said it understands the volatile situation that some companies are in. However, it argued that this does not detract from the industry’s overall solidity and an improving economic outlook.
Source: HR World
(Link and quote via original reporting)
