IG Metall Secures Wage Increase in Key Industry Deal

The agreement provides a 5.5% wage increase over two years for nearly four million workers in Germany's metal and electronics sectors.

The deal includes a 5.1% wage increase in two stages and a one-time payment of 600 euros in February 2025.
Apprentices will see their monthly pay rise by 140 euros starting January 2025, with a further increase in April 2026.
The agreement introduces flexibility for workers to exchange pay for time, benefiting part-time employees with additional leave options.
The pilot agreement, reached after 18 hours of negotiations, is expected to be adopted across Germany, impacting 3.9 million workers.
Despite economic challenges, the agreement aims to stabilize purchasing power and provide planning security for companies.