Sunday, April 23, 2023

***PUBLIC SECTOR WORKERS IN GERMANY AGREE TO A "GOOD & FAIR WAGE AGREEMENT" TO COPE WITH RISING COSTS OF LIVING***

In recent months, Germans trade unions had paralyzed public transport, day-care centers, hospitals and refuse collection with strikes across the country in the pay dispute.

"This compromise would not have been possible without the many warning strikes and protests over the last few months," said Ulrich Silberbach of the DBB public sector employee union.


3 hours ago — The accord follows months of negotiations between the bargaining parties. Germany, Again, Hit By Nationwide Rail Strike. Morris MacMatzen/ ...
6 hours ago — German public-sector workers struck a wage deal with employers, ... The robust pay demands — and bigger willingness to strike — are fueled by the fastest ...

German Public Sector Workers Clinch 5.5 Percent Pay Rise


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"German public sector workers have won a 5.5 percent pay increase to help offset inflation following late-night talks on Saturday, easing the prospect of further strikes.

Employers and unions have reached a "good and fair wage agreement", Interior Minister Nancy Faeser said in a statement.

The deal comes after several weeks of stalemate and repeated strikes among postal, transport and health workers demanding more money to cope with the rising cost of living. Under the agreement, some 2.5 million public sector workers will see their wages increase by 5.5 percent or at least 340 euros ($377) per month from March 2024.

> From June 2023, a tax-free inflation compensation payment of 3,000 euros is to be paid in several instalments. . .

The union was one of the major forces behind a nationwide strike at the end of March that paralysed the transport sector in Germany.

Inflation in Germany stood at 7.4 percent in March, remaining high despite having fallen from a peak of 8.8 percent in October.

> Talks are still ongoing in other sectors, such as rail transport, where workers held a half-day strike on Friday.

Postal workers obtained average monthly increases of 11.5 percent in March, and in November IG Metall, Germany's biggest union, won hikes totalling 8.5 percent for almost four million employees.

Airport security staff are due to go on strike at Berlin Brandenburg airport on Monday.

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The Barron's news department was not involved in the creation of the content above. This story was produced by AFP. For more information go to AFP.com
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