HomeEconomyA sharp increase in...

A sharp increase in wages in the German metalworking industry

They demanded 8 percent, they got 8.5 percent. The wage agreement signed by Germany’s powerful metalworkers’ union IG Metall may seem like a major victory at first glance.

Discover
  • Prime Macron 2022: terms, amount, payment date… how it works?

These negotiations are closely monitored because they are a reference for the entire German industry. And even beyond that, European Central Bank (ECB) leaders were watching for signs of a possible price-wage spiral, synonymous with runaway inflation.

IG Metall’s contract for the land in Baden-Württemberg, Germany’s automotive cradle, which could affect 3.9 million workers in the electrical industry, is actually more measured than it seems. Growth is spread over two years: 5.2% in 2023. in June and 3.3% in 2024. in May. These increases, which at other times could be considered very generous, are actually lower than the inflation rate of 11.6% in Germany last month. They will be accompanied by a tax-free premium of €3,000, paid…

This article is for subscribers only. You have 60% left to discover.

Cultivating your freedom is cultivating your curiosity.

Continue reading your article for €0.99 for the first month

I ENJOYED

Already subscribed? enter

Source: Le Figaro

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now