Wages will rise moderately starting in January 2027, and €350 million has been allocated to job security. The deal, announced on Wednesday 25 March 2026, was prepared through regional talks and negotiated in just two days. It is clearly shaped by the current weakness of the German economy and a fresh surge in energy prices following the war in Iran. Coincidentally, the announcement is highly symbolic, occurring on the eve of the inauguration of BASF’s largest factory outside Germany, located in
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As a Berlin correspondent for the French and Swiss press since the late 1990s, I cover a wide range of economic, political and social issues, with a particular focus on the German business and labour market. My areas of interest include co-determination, digitalisation, demographics and ESG/DEI policies.