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UPDATE 2-German IG Metall union agrees two-step pay hike of 4.8 percent

COLOGNE, May 13- Germany's biggest trade union, IG Metall, and employers agreed a two-stage wage rise of 4.8 percent over 21 months for 3.8 million workers, the union said on Friday. Strong domestic demand has replaced exports as the main pillar of support in Europe's largest economy. Wages will first rise by 2.8 percent from July 1 and then by 2.0 percent from April...

Source: Reuters

German metalworking industry agrees on 4.8 pct wage increase, union says

FRANKFURT, May 13- Germany's biggest trade union, IG Metall, agreed with employers on a two-stage wage increase of nearly 5 percent over a period of 21 months, the union said on Friday. Both sides agreed on a pay hike of overall 4.8 percent, IG Metall said, adding that wages would first rise by 2.8 percent starting from July 1 and then by 2.0 percent from April 2017.

Source: Reuters

GLOBAL MARKETS-Asian shares wilt after Wall Street slide, dollar firms

TOKYO, May 12- Asian shares fell on Thursday following a dismal session on Wall Street, while the dollar firmed but remained shy of this week's highs and crude oil gave back some of its recent gains. The gloom was expected to carry over to Europe, with financial spreadbetters at IG predicting Britain's FTSE 100 would open down by 0.4 percent. MSCI's broadest index of...

Source: Reuters

Union warns VW could face protests if wage talks delayed

BERLIN, May 2- Germany's IG Metall warned Volkswagen on Monday that it could face protests from workers if it sought to delay talks about wage rises for 120,000 staff who work for the carmaker in western Germany. Volkswagen, Europe's largest carmaker, did not make a firm pay offer in a second round of talks on Monday. IG Metall, which is Germany's biggest trade union,...

Source: Reuters

Union says VW staff won't pay price for Dieselgate in wage talks

BERLIN, April 26- Volkswagen has no right to use the crisis over its emissions test cheating to deny workers a reasonable wage increase, the IG Metall union said, reiterating its call for a 5 percent pay hike for about 120,000 VW staff in western Germany. The carmaker, which could still face more costs from a U.S. Department of Justice investigation, also cut its...

Source: Reuters

UPDATE 2-Protests show strength of German attachment to steel

DUISBURG, Germany, April 11- Half of Germany's steelworkers poured onto the country's streets on Monday in protest against the dumping of Chinese steel, EU climate regulations and industry consolidation they fear will cost them their jobs. The size of the demonstrations, organised by powerful trade union IG Metall and supported by Economy Minister Sigmar...

Source: Reuters

UPDATE 1-Thousands of German steelworkers protest to defend jobs

DUISBURG, Germany, April 11- Tens of thousands of German steelworkers took to the streets on Monday, demanding more action against the dumping of cheap Chinese imports and greater job protection amid uncertainty over the future of Thyssenkrupp's steel business. More than 45,000 took part in protests throughout Germany, IG Metall said. Social Democrat Economy...

Source: Reuters

Thousands of German steelworkers take to streets demanding job guarantees

DUISBURG, Germany, April 11- German steelworkers took to the streets on Monday, demanding more measures against the dumping of cheap Chinese imports and greater job protection amid uncertainty over the future of Thyssenkrupp's steel business. Germany is Europe's biggest steelmaker and 45,000 workers joined rallies across the country, the IG Metall union...

Source: Reuters

UPDATE 1-German union presses for 5 pct wage rise for chemical sector

BERLIN, April 8- Germany's IG BCE union said on Friday it would seek wage increases of 5 percent for the more than 550,000 workers in the chemicals sector after the economy grew at its fastest rate in four years in 2015.. "The economic situation in our sector doesn't allow any big jumps," BAVC managing director Klaus-Peter Stiller said. Germany's biggest union, IG...

Source: Reuters