Germany - Early pay rise at Bosch - October 26, 2010

Bosch, the German auto parts and power tools group, decided Tuesday 26 October to raise pay for 85,000 workers two months earlier to thank them for concessions which have helped turn the company's results around. Bosch top management and its supervisory board decided to apply a 2.7% wage increase in February 2011 instead of in April, a company statement said, quoting personnel director Wolfgang Malchow saying, “In difficult times we benefited from the strong loyalty of our staff.” Helga Schwitzer of the IG Metall union reacted that the decision was fair, “workers will thus share in the growth.”

English: http://www.thelocal.de/money/20101026-30761.html

This article was published in the Collective Bargaining Newsletter. It aims to facilitate information exchange between trade unions and to support the work of ETUC's collective bargaining committee. For more information, please contact the editor Maarten van Klaveren, Amsterdam Institute for Advanced Labour Studies (AIAS) M.vanKlaveren@uva.nl. You may find further information on the ETUI atwww.etui.org, and on the AIAS at www.uva-aias.net. © ETUI aisbl, Brussels 2009.