IG Metall News
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Volkswagen AG, Europe’s largest carmaker, agreed to raise wages for German workers by 5.7 percent over 20 months as the country’s biggest manufacturing union helped employees tap into the company’s growing profit.
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IG Metall, Germany’s biggest union, won a pay deal in the state of Bavaria that exceeds the rate of inflation, setting a benchmark for a national accord.
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Incomes in Germany have been more evenly distributed than in other big European Union countries since the start of the financial crisis, the Organization for Economic Cooperation and Development said.
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German industry was hit by walkouts by almost 130,000 workers today in so-called warning strikes over pay conditions, according to their union.
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IG Metall, Germany’s largest manufacturing labor union, widened protests including temporary walkouts into the state of Baden-Wuerttemberg in a push for higher pay raise for workers at industrial companies.
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Germany’s top trade unionist, Michael Sommer, looked out on a May Day crowd of workers and told them that a proposed labor flexibility plan wouldn’t create a single job.
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The European Central Bank said euro-area countries that are currently enjoying economic growth need to prevent wages and prices from rising too quickly.
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Nokia Siemens Networks, the phone- equipment venture that may be losing its German partner, agreed to guarantee jobs for three years for its 250 employees in Berlin, the IG Metall labor union said.
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IG Metall, Germany’s largest labor union, said it wants “fair” wage increases for workers in the iron and steel industries as the economy recovers.
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Germany’s IG Metall union won a three percent wage increase for 75,000 workers in the steel and iron industries under a deal struck early this morning after 10 hours of negotiations.
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