Germany - Trade unions seeks wage hike of 5 percent - April 30, 2016

Trade union IG BCE announced 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 country’s biggest union, IG Metall, has also demanded wage increases of 5 percent for 3.8 million metals and electrics sector workers after the economy grew by 1.7 percent last year. The trade unions argue that solid wage increases would help bolster domestic spending in Europe's largest economy as the country's export engine, once a reliable growth driver, stutters amid a global economic slowdown.

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