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6mo ago

German Metal Industry Achieves Historic Wage Agreement

IG Metall and employers agree to a 5.1% wage increase over 25 months, averting further strikes in the sector.

(v.l.): Die Verhandlungsführer der Tarifgespräche: Angelique Renkhoff-Mücke, Verband der bayerischen Metall- und Elektroindustrie, Lena Ströbele, Nordmetall, sowie Daniel Friedrich, Bezirksleiter IG Metall Küste, und Horst Ott, Bezirksleiter IG Metall Bayern, im Hotel Grand Elysee Hamburg
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Overview

  • The agreement includes a two-stage wage increase: 2% in April 2025 and 3.1% in April 2026, along with a one-time payment of €600 in February 2025.
  • Approximately 3.9 million workers in the metal and electrical industry are affected by this new contract, which is set to be implemented nationwide.
  • The deal was reached after an 18-hour negotiation session in Hamburg, marking a rare joint pilot agreement by the regions of Bavaria and North Germany.
  • The contract also provides a €140 monthly increase for apprentices starting January 2025, reflecting a focus on supporting young workers.
  • The agreement allows flexibility for companies in financial distress, providing options to defer or omit certain payments to manage economic challenges.