Trending: Germany's Largest Metalworking Wage Increase in 30 Years
16 Juin 2022 - 1:10PM
Dow Jones News
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)
Copyright (c) 2022 Dow Jones & Company, Inc.
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