Tag: Handelsblatt

Union chief upbeat on prospects for deal in German wage talks
Unemployment

Union chief upbeat on prospects for deal in German wage talks

Thomson Reuters BERLIN (Reuters) – The head of Germany’s public sector union said he was upbeat about reaching a compromise with employers in a third round of wage talks due to begin on Sunday, after a week of strikes by more than 150,000 union members.
Verdi leader Frank Bsirske told German newspaper Handelsblatt the two sides had been far apart in the previous two rounds of wage talks, but he was more optimistic going into the third round.
Verdi, with 2.3 million members, and the dbb assocation of civil servants, which represents 344,000 public servants, have been pressing for a pay raise of 6 percent for their next 12-month contract, or least 200 euros more a month.
Ulrich Silberbach, head of the dbb and the lead negotiator for the labour side, said the unions were ready to negotiate, but it was up to Seehofer to present a counter-offer. “After the long negotiations on forming a government, we can’t afford to also have long wage conflicts,” he said in a statement.
Verdi’s Bsirske said surging German tax revenues meant the pay deal should definitely be higher than one struck two years ago, when workers got an initial 2.4 percent increase, followed by a 2.35 percent increase. “Last time we had a 2 before the comma.
Inflation edged up to 1.5 percent in March.
Germany, Europe’s biggest economy, is in solid shape, with buoyant tax revenues and a record budget surplus.
Falling unemployment, inflation-busting pay rises and low borrowing costs are fuelling a consumer-led upswing.