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Germany: Metalworking reaches pay deal in face of economic gloom

Against a backdrop of economic downturn, the IG Metall metalworkers’ trade union and regional employers’ associations in the metalworking industry signed an 18-month pay deal in November 2008, providing for a 4.2% wage increase and various lump-sum payments.

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Negotiations
Settlement
Reactions
Challenging times ahead
Pay flexibility
Impact on fixed-term and agency workers.