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VisitGermany’s IG Metall Union Demands 7% Wage Increase for 3.9 Million Workers
Jun 17, 2024, 11:34 AM
Germany’s largest labor union, IG Metall, is demanding a 7% wage increase for approximately 3.9 million workers in the metal and electric parts industries. The union's leadership advised its members on Monday to push for this significant raise ahead of the upcoming collective bargaining round. This demand is notably higher than the current inflation rate.
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Markets
No • 50%
Yes • 50%
Reports in major German news outlets (e.g. Deutsche Welle, Spiegel)
No • 50%
Yes • 50%
Official announcements from IG Metall and employer associations
Yes • 50%
No • 50%
Official announcements from IG Metall and employer associations
More than 2 million • 33%
1-2 million • 33%
Less than 1 million • 33%
Reports in major German news outlets (e.g. Deutsche Welle, Spiegel)
12 months or less • 33%
More than 24 months • 33%
13-24 months • 33%
Official announcements from IG Metall and employer associations
3-4.99% • 25%
7% or more • 25%
5-6.99% • 25%
Less than 3% • 25%
Official announcements from IG Metall and employer associations