17
Mar
13:33
German steelworkers/employers agree wage hike of 4%
IG Metall union and steel employers have come to an agreement on wages for 70,000 employees at mills in the Northern and Western districts of Germany. The deal was struck following their third round of talks.
Steelworkers will receive an increase in wages of 4% in two stages. The first step of 2.3% is for 13 months starting in April, and another 1.7% will be applied as of May 2018 for 8 months, the IG Metall trade union tells Kallanish. The deal is valid for mil…
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Anonymous
Very good overview of the weekly steel market.
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