75,000 workers in the steel industry, employed by the large steel companies in North Rhine-Westphalia, Lower Saxony, and Bremen that produce most of Germany’s steel, are set to receive a 2.3% rise in wages for a year. On 26 November the social partners agreed the pay rise along with renewing current provisions over part-time retirement and services provisions contracts. This agreement comes at a difficult and uncertain time for the industry that is being flooded by Chinese low cost exports as well as trying to manage uncertainty over European CO2 reforms.
Wages to rise by 2.3% plus a €200 lump sum. On 26 November, IG Metall and WV Stahl (the German Steel Federation) presented the details of what they considered to be a good compromise in difficult times. Germany’s 75,000 workers in the country’s northeast will receive a wage rise of 2.3% from 01 January 2016 as compared with initial IG Metall demands of 5%.
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