Even before the onslaught of the financial storm, Gesamtmetall, the employers’ federation in the metal sector, was already shocked by the level of IG Metall wage claims. “They are out of their minds”, said Martin Kannegiesser, Gesamtmetall chairman. In view of the large profit registered in this sector in 2006 and 2007 and the increased inflation, the union considers it is high time that the 3.6 million workers see some color of the money earned. The 8% hike demanded for next year is the highest since 16 years.
ims. “They are out of their minds”, said Martin Kannegiesser, Gesamtmetall chairman. In view of the large profit registered in this sector in 2006 and 2007 and the increased inflation, the union considers it is high time that the 3.6 million workers see some color of the money earned. The 8% hike demanded for next year is the highest since 16 years.
First effect of the crisis in the automobile industry. The IMF has announced a slowdown in worldwide growth with zero growth for Germany in 2009, a
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