German union moderates pay demand

Author (Person)
Series Title
Series Details 13.11.08
Publication Date 13/11/2008
Content Type

Article reports that German industry is set to avoid damaging nationwide strike action after the country’s most powerful trade union, IG Metall (Baden Württemberg chapter) agreed November 2008 to moderate its pay demands in the face of a looming domestic recession.

Economists keep a watchful eye on the IG Metall pay round. The result often serves as a barometer of European wage trends.

Related Links
ESO: Background information: ‘Wise men’ predict flat German growth http://www.europeansources.info/record/wise-men-predict-flat-german-growth/

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