German public sector pay agreement
Source: Agencies |
April 1, 2012, Sunday
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Print Edition
Print Edition
TWO million German public-sector workers will get a pay rise of 6.3 percent over a 24-month period, according to a government official leading the talks, ending a labor dispute that has disrupted services across Germany.
The deal ends the threat of a broader walkout following warning strikes that have disrupted the economy.
Wage rises in many other euro zone countries have been steeper than in Germany, fuelling the economic divergence underpinning the debt crisis in the single-currency area.
Interior Minister Hans-Peter Friedrich, who had led the talks with the Verdi union, announced the breakthrough yesterday after all-night negotiations in Potsdam, a suburb of Berlin.
Finance Minister Wolfgang Schaeuble, speaking at a meeting of European finance ministers in Copenhagen, called it an acceptable deal, adding he was pleased strikes had been averted.
Verdi leader Frank Bsirske said it was difficult to accept the deal but at least the union had managed to narrow the gap to pay rises workers in the private sector have received.
The deal ends the threat of a broader walkout following warning strikes that have disrupted the economy.
Wage rises in many other euro zone countries have been steeper than in Germany, fuelling the economic divergence underpinning the debt crisis in the single-currency area.
Interior Minister Hans-Peter Friedrich, who had led the talks with the Verdi union, announced the breakthrough yesterday after all-night negotiations in Potsdam, a suburb of Berlin.
Finance Minister Wolfgang Schaeuble, speaking at a meeting of European finance ministers in Copenhagen, called it an acceptable deal, adding he was pleased strikes had been averted.
Verdi leader Frank Bsirske said it was difficult to accept the deal but at least the union had managed to narrow the gap to pay rises workers in the private sector have received.
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