21 Februari 2008
Steel companies, union agree on pay

FRANKFURT: The German trade union IG Metall and steel companies agreed late Tuesday to a 5.2 percent pay raise for steel workers, IG Metall said.The increase is to take effect on March 1 and remain valid until March 31, 2009, the trade union said.

In February, 85,000 steel workers in three northwestern German regions will also receive a bonus of 200 euros (US$300) under terms of the agreement.

"The steel industry's good situation will also benefit workers in a sustainable way," commented Oliver Burkhard, the lead union negotiator.
Wage talks are also currently under way in other sectors of the German economy, the biggest in Europe.

Services union Verdi has called for an 8 percent increase, following several years of wage moderation and solid economic growth.

Source : The Jakarta Post, Page : 16 


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