German daily Handelsblatt reported that German steel worker union IG Metall is demanding 8.2% more wages for employees in the steel industry in the coming collective bargaining round. This recommendation to the IG Metall board of directors was announced by the collective bargaining committees for the approximately 68,000 employees in Northwest Germany and for the approximately 8,000 steelmakers in East Germany. The term should be twelve months. IG Metall NRW & Chief Negotiator Mr Knut Giesler said "In view of the sharp rise in prices and the good situation in many companies, employees expect a decent increase in their monthly wages. The steel prices are higher than he has ever seen them. If you don't make money at such prices, you can't be that stupid."The board of directors of IG Metall is to officially adopt the recommendation of the wage commission on 8 May. In the West, the first round of negotiations is scheduled for13 May. The peace obligation ends on 31 May.The steel association rejected the union's claim. Some, but not all, of the member companies expected adequate to good annual results. Overall, the liquidity situation in the steel industry is extremely tense in view of the exploding raw material and energy prices.
German daily Handelsblatt reported that German steel worker union IG Metall is demanding 8.2% more wages for employees in the steel industry in the coming collective bargaining round. This recommendation to the IG Metall board of directors was announced by the collective bargaining committees for the approximately 68,000 employees in Northwest Germany and for the approximately 8,000 steelmakers in East Germany. The term should be twelve months. IG Metall NRW & Chief Negotiator Mr Knut Giesler said "In view of the sharp rise in prices and the good situation in many companies, employees expect a decent increase in their monthly wages. The steel prices are higher than he has ever seen them. If you don't make money at such prices, you can't be that stupid."The board of directors of IG Metall is to officially adopt the recommendation of the wage commission on 8 May. In the West, the first round of negotiations is scheduled for13 May. The peace obligation ends on 31 May.The steel association rejected the union's claim. Some, but not all, of the member companies expected adequate to good annual results. Overall, the liquidity situation in the steel industry is extremely tense in view of the exploding raw material and energy prices.
