On 25 October, the delegates' assembly of the major German metalworkers' union IG Metall, which met in Frankfurt, decided to reject any future negotiations on company pensions without guaranteed returns. This decision could "kill" a formula chosen by the chemical sector but which has always had difficulty establishing itself.
In 2018, a law to strengthen company pensions sought to boost the sector by paving the way for pensions with no guaranteed return, negotiable only within the framework of a collective agreement.
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Article authors
Thomas Schnee
Correspondent in Germany
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.