Dear Reader, Dear Members and Friends,
The wage negotiations in Germany’s largest industry have led to a pilot collective agreement. On May 13 2016, the employers in the metal and electric industries agreed with the IG Metall trade union on a two-step wage increase over a period of 21 months – by 2.8 percent from July 1 and again by 2.0 percent in April 2017.
The collective agreement includes possibilities for differentation for companies in financial difficulties.
It is a compromise that allows our companies to plan ahead and offers a real wage increase of 1.8 percent to 3.8 million workers in Germany and 810,000 in Bavaria.
For more information about the Bavarian economy and our services and activities, please explore the articles in this month’s newsletter.