BOC WILL BE CONSDIERING FURTHER RATE CUTS

BOC DOESN'T SEE A RECESSION, RATHER SLOW GROWTH

BOC SAYS WEAKER CAD DRIVEN BY USD STRENGTH

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GERMANY: Industry Employers' Wage Offer Below Recent Standards vs Union Demands

GERMANY
CEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

"German employers offer 1.7% wage increase for workers in auto, metal and electrical industries from July 2025, another 1.9% increase a year after over 27-month period", Reuters reports in a sources report. Additional colour below:

  • This compares to IG Metall demands of a 7% wage increase for a 12-month contract.
  • This is the second round of central negotiations in the industry after agreements impacting at least 3.7mln contracts (around 8% of total employment) expired in September.
  • Recent IG Metall contract negotiations eventually yielded a yearly wage increase of around half to 2/3rds of the initial demands - so significantly more than the offer reported by Reuters would equate to. We would be surprised if the offer just out will be accepted without further negotiations.
  • If no agreement is struck, strikes are possible starting October 29.
131 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

"German employers offer 1.7% wage increase for workers in auto, metal and electrical industries from July 2025, another 1.9% increase a year after over 27-month period", Reuters reports in a sources report. Additional colour below:

  • This compares to IG Metall demands of a 7% wage increase for a 12-month contract.
  • This is the second round of central negotiations in the industry after agreements impacting at least 3.7mln contracts (around 8% of total employment) expired in September.
  • Recent IG Metall contract negotiations eventually yielded a yearly wage increase of around half to 2/3rds of the initial demands - so significantly more than the offer reported by Reuters would equate to. We would be surprised if the offer just out will be accepted without further negotiations.
  • If no agreement is struck, strikes are possible starting October 29.