PRESS STATEMENT Collective bargaining agreement in the iron and steel industry

Commenting on the collective bargaining agreement reached last night in the iron and steel industry , Jörg Hofmann, President of IG Metall, said:

“The outcome of the negotiations represents the highest percentage wage increase in the steel industry in 30 years. It is the right response to the very strong profitability of the vast majority of companies in the sector.

For employees, this outcome provides tangible relief in the face of sharply rising prices. Effective immediately and on a permanent basis, they will have significantly more money in their wallets.

Our colleagues fought hard for this success themselves: The high turnout for the warning strikes sent a powerful message that resonated with employers.

Despite this positive outcome, policymakers still have work to do: In the coming months, they must provide further relief and implement effective measures to combat rising prices.”

IG Metall and employers reached an agreement early Wednesday morning during the fourth round of negotiations. Under the terms of the agreement, wages and apprenticeship stipends will increase by 6.5 percent effective August 1, 2022. A one-time payment of 500 euros was agreed upon for the months of June and July 2022. Apprentices will receive 200 euros. The collective bargaining agreement will be in effect for 18 months and will end on November 30, 2023.

In addition, it was decided to extend the collective bargaining agreements on partial retirement, job security, and the use of contract work. A collective bargaining agreement on dual-track students is to be presented by July 31, 2022.

Further information and press photos of Jörg Hofmann