German public sector unions prepare walkouts over pay

German public sector unions prepare walkouts over pay

Investing.com - Financial Markets Worldwide

No results matched your search

Economy8 hours ago (Sep 20, 2020 07:45AM ET)

© Reuters. FILE PHOTO: German nurses and nursing staff demonstrate for higher pay and better working conditions amid the coronavirus outbreak© Reuters. FILE PHOTO: German nurses and nursing staff demonstrate for higher pay and better working conditions amid the coronavirus outbreak

BERLIN (Reuters) – German public sector workers unions are preparing to take industrial action including walkouts next week after making no progress in a second round of wage talks with the government, they said on Sunday.

The Verdi and dbb unions want a 4.8% pay rise for 2.3 million public sector workers in federal government and municipalities in Europe’s biggest economy.

“Employers have blocked themselves into a corner … so warning strikes are inevitable,” said Verdi chairman Frank Werneke.

Ulrich Silberbach, head of the dbb, echoed those sentiments.

“We will not get any further like this,” he said, adding that the unions would raise pressure on employers in an effort to avoid ending up in arbitration.

The unions said they would make sure the public were aware of any restrictions in nurseries, hospitals, road maintenance or other areas because of walkouts.

The government has said that the coronavirus crisis is pushing down tax revenue and is limiting its public sector finances, especially at the municipal level.

Unions, however, argue that public sector workers, particularly in the health sector, have played a crucial role in the pandemic and this should be reflected in wage talks.

Further negotiations are scheduled for Oct. 22-23.

The European Central Bank, meanwhile, is keeping a close eye on German wage negotiations for any sign that wage growth and might be losing steam, potentially complicating its inflation targets.

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

XL subscribe to our newsletter banner

Get the latest news and advice on COVID-19, direct from the experts in your inbox. Join hundreds of thousands who trust experts by subscribing to our newsletter.

Send your news and stories to us news@climaxradio.co.uk or newstories@climaxnewsroom.com and WhatsApp: +447747873668.

Before you go...

Democratic norms are being stress-tested all over the world, and the past few years have thrown up all kinds of questions we didn't know needed clarifying – how long is too long for a parliamentary prorogation? How far should politicians be allowed to intervene in court cases? To monitor these issues as closely as we have in the past we need your support, so please consider donating to The Climax News Room.