There is already a threat of industrial action in the wage negotiations that have just begun in the metal industry. For the union, the companies’ first offer of a 2.5 percent wage increase is a “mess.” Industry chairman Christian Knill explains why the sector is still not “stingy”.
Wage negotiations this year are more explosive than they have been in a long time: There is currently a crash in the metal technology industry, a leading industry with 137,000 employees (see graph): Unions are demanding 11.6 percent more money (9.6 percent inflation plus two percent productivity share), The companies offer 2.5 percent and an additional 75 euros net per monthly salary (total 1,050 euros) as fixed salary. Depending on income, that would be a wage increase of about 7.4 percent to nine percent, it is said.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
