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Tomasz Wieladek at Barclays has assessed....>

GERMANY
GERMANY: Tomasz Wieladek at Barclays has assessed this complicated IG Metall
wage agreement and concludes "an average 3.35% annual rise until March 2019, in
line with our model. Overall negotiated wages, which cover 45% of all German
workers, will therefore rise by only 2.2% over the coming year".
- unions also negotiated the right for workers to reduce their hours to 28 per
week for a period of two years and then be employed full-time thereafter, as
long as they have been working for two years. In recompense for this employers
will be able to employ a greater percentage of workers on contract of greater
than 40 hours. It is very unclear what might be the take up on the right to
shorter hours.

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