Dear Reader, Dear Members and Friends,
The German metal and electric industry is looking ahead at a difficult round of wage negotiations. In a first statement on February 2nd, the trade union IG Metall announced that it would seek wage increases of between 4.5 and 5 percent for the 3.8 million metal and electrics sector workers.
At bayme vbm we are critical of these demands. Germany is currently experiencing a false upturn. Growth and recovery are based on favorable external factors like the low Euro exchange rate, low interest rates and cheap oil.
A final decision on the union's demands is due on February 29th. Negotiations will commence in mid-March. Wage negotiations and their results also affect US-company subsidiaries located in Bavaria.
This newsletter will also update you on other events that have kicked off the year at bayme vbm and inform you about legal matters and new services.
As always, we look forward to your engagement and feedback.
About BavariaBavaria as industry location: an international comparison - Knowledge
A study conducted by IW Consult GmbH on behalf of The Bavarian Industry Association (vbw) compared the quality of 45 countries in terms of what they have to offer as a location for industrial businesses.more
EconomyEconomic Outlook - February 2016
Learn more about the leading economic indicators for Germany, the Eurozone and the world economy in our Economic Outlook. See here for the February figures.more
EconomyPrognos study Economy 2040 - Forecast for Germany and Bavaria
The study Economy 2040 is the only worldwide report in elaborating long-term future forecasts for 42 countries, representing 90 percent of the world’s economic performance. Learn more about the forecast for Germany and Bavaria.more
Economyvbw’s Bavarian Business Talks with Dr Wolfgang Schäuble, German Federal Minister of Finance
On January 22nd 2016, Germany’s Federal Minister of Finance, Dr Wolfgang Schäuble, came to visit the vbw to speak at the established vbw “Bavarian Business Talk”.more
Legal affairsGermany’s Minimum Wage Act
Germany’s statutory minimum wage applies to almost every employee in Germany. This can pose challenges for international companies.more
Innovation + technologyThe vbw Council for the Future of the Bavarian Economy - The vbw study Bavaria’s future technologies
The vbw study Bavaria’s future technologies analyzes the foundations of the success story of the Bavarian economy and points out key technologies that will be relevant for Bavaria in the coming years.more
Events and international affairsPolitical exchanges in Brussels and Berlin
Two high-profile events kicked off the year 2016 - a political discussion in Brussels and the long-established New Year’s concert in Berlin.more
Our servicesThe vbw Integration durch Ausbildung und Arbeit (IdA)-projects: integrating refugees through vocational training and employment
In 2015, more than one million refugees entered Germany. In order to support Bavarian companies in their efforts to integrate refugees, the vbw and bayme vbm inaugurated the program IdA –Integration durch Ausbildung und Arbeit in autumn 2015.more