18
Dec
16:03
German steelworkers achieve 5.5% wage increase
Following 14 hours of negotiations in the collective bargaining round for the northwestern German steel industry, labour and employers achieved an agreement on Saturday morning, Kallanish learns.
Union IG Metall and employers’ interest group AGV Stahl agreed on a wage increase of 5.5%, starting January 2025. Prior to that, in January 2024, employees will receive an inflation compensation bonus of €1,500 ($1,632). A further €1,500 is to be paid in i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous