Skip to content
Markets
Economics

Germany’s Steel Workers Win Highest Pay Rise in 30 Years

Germany’s biggest union said it has won a 6.5% pay rise -- the biggest in 30 years -- for steel workers in the northwest of the country, setting the stage for upcoming talks in the metals- and electronics industries. 

The 18-month deal for about 68,000 steel industry employees includes one-off payments of 500 euros ($524) for June and July, IG Metall said Wednesday. The agreement marks the latest example of accelerating wage growth in Europe’s biggest economy.