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February 2016


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.

B. Brossardt

B. Brossardt

B. Brossardt


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