The German trade union announced a strike in the automotive and metallurgy industry.
The largest industrial union in Germany announced a 24-hour warning strike in the automotive and steel industries. The Reuters news agency reports this with reference to the union's statement.
The reason was a lack of progress after three rounds of negotiations. The union demands a 5% wage increase over 12 months as well as job guarantees and preservation of production sites.
Employers proposed a one-off payment of 1% from July 2027 and a wage increase of 1.3% from July 2028, with struggling companies potentially exempt from the one-off payment. IG Metall saw this proposal as a real reduction in real wages.
The union has not yet announced a specific date for the strike. According to available information, voting in the factories will begin on Friday, and only after the approval of the majority of workers can a strike take place - most likely next week.