Magdeburg (dpa/sa) - After several other regions, Saxony-Anhalt's metal and electrical industry has also adopted the wage agreement from the southwest. This means that employees in the industry will receive significantly higher wages in the next two years. In their final negotiations in Magdeburg, IG Metall and the employers’ association VME agreed on a new collective agreement until the end of September 2024, as the collective bargaining parties announced on Wednesday evening.
The pilot agreement in Baden-Württemberg in mid-November provides for increases in wages and training allowances in two stages: by 5.2 percent on June 1, 2023 and by a further 3.3 percent on May 1, 2024. As in other collective bargaining areas, it should also give a tax and duty-free "inflation compensation premium" totaling 3,000 euros.
IG Metall had demanded noticeable surcharges in order to stabilize purchasing power and consumption in the midst of record inflation. Most recently, however, the inflation rate had climbed above the agreed wage plus, so that the bottom line could still be losses in real wages in many places.