German Auto and Engineering Workers Secure 5.5% Wage Increase Following Intense Negotiations

Post Views: 633 IG Metall   IG Metall Reaches Historic Wage Agreement Amid Economic Uncertainty Germany’s largest industrial union, IG Metall, has finalized a significant wage agreement with employers in the metal and electrical industries. The deal impacts around 3.9 million workers at major corporations such as Mercedes-Benz, BMW, Siemens, and Thyssenkrupp. Over a 25-month period, wages will increase by 5.5%, with an initial 5.1% raise, followed by permanent improvements to additional allowances. The agreement concludes weeks of difficult negotiations and widespread strikes across Germa...