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.
About BavariaThe state of the Bavarian economy is good – but the expectations are uncertain
This is shown by the vbw Index for Spring 2016.more
About BavariaBavaria as industry location: An international comparison - Market
Thanks to the high integration of its value chain and its well-developed functionality as an industry hub, Bavaria ranks second in the “market” category of an international comparison of industry locations.more
EconomyEconomic Outlook, May 2016
The leading indicators for Germany, the Eurozone and the world economy provide a mixed picture. See here for the May figures.more
Innovation + technologyThe vbw Council for the Future of the Bavarian Economy - Part 7: Technological applications
The vbw Council for the Future of the Bavarian Economy has showcased innovative Bavarian technologies, such as additive manufacturing and 3D printing.more
Innovation + technologyAutomated driving is the mobility of the future
On May 2, the vbw continued its event series on automated driving with a discussion on the infrastructure requirements for automated and connected cars.more
Our servicesWebinar invitation: managing underperformance
Managing underperformance in compliance with German Labour Law is highly complex. We invite foreign managers to take part in our free Webinar in English language on June 15.more
Our servicesTermination of employment – Part 3: on operational grounds
In German employment law, an employer may terminate an employment contract only under strict conditions. The third and final episode of our series looks at terminations on operational grounds.more