German industrial workers, employers strike pay deal

By Reuters / February 05, 2018 / www.kitco.com / Article Link

STUTTGART, Germany, Feb 6 (Reuters) - Industrial workers and employers in southwestern Germany struck a deal on pay and working hours on Monday night, in a hard-fought pact likely to set a benchmark for millions of workers across Europe's largest economy.

The deal between labour union IG Metall and the Suedwestmetall employers' federation foresees a pay rise of 4.3 percent from April and other payments spread over 27 months, IG Metall's Roman Zitzelsberger told reporters after 13-hour talks.

(Reporting by Ilona Wissenbach; Writing by Douglas Busvine; Editing by Sandra Maler)

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