Germany -New collective agreement in chemicals sector -June 1, 2012

IGBCE and the chemical employers association BAVC concluded a new collective agreement, including a 4.5% wage hike. The collective agreement contains increased employer contributions into the “demographic fund”, which allows older employees to work fewer hours for full salary in order to give younger workers more opportunities. The agreement includes a €50 per month pay increase for apprentices. The pay deal enters into force from 1 June in most parts of the country (some regions from 1 July or 1 August) and has duration of 19 months.

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