The wage increases for metal workers this autumn have already been determined: as the “Krone” reported, the increase this time is substantial at first glance. But the devil is in the details. We shed light on why not all of the metal industry’s nearly 200,000 workers benefit equally.
A year ago, after long and hard collective labor negotiations, employers and unions agreed on a fixed formula for wage increases in the autumn of 2024. They wanted planning for both employees and companies. The “Krone” shows in a clear graph the percentage by which wages and salaries in the metal industry will increase from November 1. But there are two catches to this case.
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.