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Financial expert on collective bargaining in 2024: Unions want to relieve the financial burden on employees
According to a report from www.welt.de, the collective agreements for millions of employees in Germany will expire in the new year. The unions want to achieve some financial improvements for employees in the upcoming collective bargaining rounds. DGB boss Yasmin Fahimi is committed to appropriate collective bargaining agreements that should noticeably relieve the financial burden on employees. She emphasizes that the pressure on the wallet remains great in many places and expects that the unions will find responsible conclusions in collective bargaining in the new year. According to the Economic and Social Sciences Institute of the Hans Böckler Foundation, collective agreements agreed by the DGB unions will expire by December 2024 for almost twelve million employees. In autumn …
Financial expert on collective bargaining in 2024: Unions want to relieve the financial burden on employees
According to a report by www.welt.de, the collective agreements for millions of employees in Germany will expire in the new year. The unions want to achieve some financial improvements for employees in the upcoming collective bargaining rounds.
DGB boss Yasmin Fahimi is committed to appropriate collective bargaining agreements that should noticeably relieve the financial burden on employees. She emphasizes that the pressure on the wallet remains great in many places and expects that the unions will find responsible conclusions in collective bargaining in the new year.
According to the Economic and Social Sciences Institute of the Hans Böckler Foundation, collective agreements agreed by the DGB unions will expire by December 2024 for almost twelve million employees. Collective bargaining is set to begin in the metal and electrical industries, among others, in the fall.
In recent months, inflation compensation payments have increased real wages, which also makes economic sense in order to maintain purchasing power in a difficult economic situation. Nevertheless, Fahimi insists on Federal Labor Minister Hubertus Heil's planned law on collective bargaining compliance.
The effects of these collective bargaining negotiations and the planned collective bargaining law can be far-reaching. If unions push through their demands, rising wages could lead to higher production costs and potentially higher prices. The planned draft law on collective bargaining compliance could lead to companies that do not adhere to collective agreements being excluded from public contracts. This could increase pressure on companies to comply with collective agreements, which could also affect their financial stability.
Overall, this could lead to a change in competitive conditions in various sectors and influence economic dynamics. It remains to be seen how these developments will affect the financial industry and the market as a whole.
Read the source article at www.welt.de