German labor union IG Metall is amongst the most talked-about topics across news items in the past 12 hours, according to Factiva data, as companies employing 68,000 workers in Germany's iron and steel industry agreed to the biggest wage increase in the last three decades. Employers in Germany's northwest will raise salaries by 6.5% for 18 months starting in August and agreed to a one-off payment of 500 euros ($522), the labor union said Wednesday. Wage-increase negotiations with employers in eastern Germany are set to continue Friday. Strikes have troubled the German iron and steel industry since June 1. Tens of thousands of workers, including at major steel makers ArcelorMittal, Thyssenkrupp and Salzgitter, have staged coordinated warning strikes to put pressure on employers. Dow Jones & Co. owns Factiva. (pierre.bertrand@wsj.com)

 

(END) Dow Jones Newswires

June 16, 2022 06:55 ET (10:55 GMT)

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