After months of conflict and on the eve of the beginning of the wage negotiations for the 3.6 million employees of the sector, the Social Partners of the metal and electronics sectors reached an agreement, on September 3, 2008, to extend the gradual early retirement system after 2009. (Ref. 080659)
On September 3, 2008, the IG Metall and the Gesamtmetall’s Bade Wurttemberg federations signed an agreement on gradual early retirement (Altersteilzeit), which will come into force on January 1, 2010. It will take over the current device, which was co-financed by the Federal Employment Agency and by employers. Angela Merkel’s government indeed decided not to extend State subsidies (€1.4 billion each year) to gradual early retirement beyond 2009. With the aim of retirement at 67, trade unions no
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