Press Release Better retirement benefits for workers in the textile and apparel industry in the West

Frankfurt – IG Metall has reached an agreement with employers on a significant increase in occupational pension benefits for the approximately 100,000 workers in the textile and apparel industry: Starting in 2022, the contribution from employers bound by collective bargaining agreements for deferred compensation will rise in stages and double by 2026 to 240 euros.

IG Metall negotiator Miriam Bürger: “This agreement is an important victory for workers. When lawmakers allow pension levels to decline, employers have an even greater responsibility. The doubled contribution is a key building block for a good quality of life for workers in retirement.”

Due to changes in the law, a legally sound adjustment to the existing collective bargaining agreement on retirement benefits had become necessary. In this context, the union also successfully advocated for a tangible improvement for its members.

According to the new collective bargaining agreement, starting next year, employers will contribute 170 euros to employees’ company pension plans. The amount will increase to 210 euros in 2024 and will then be 240 euros starting in 2026. Part-time employees will receive a pro-rated portion of the contribution.