The hottest job is 56 hours a day. German metal wo

2022-08-23
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Work 5.6 hours a day! German metal workers' working hours are reduced to 28 hours a week

Abstract: if you have any questions about the monetary policy-making of the European Central Bank, please contact us. Researchers and economists are also quite concerned about this negotiation, because they are worried about the long-term impact of stagnant wage growth. If Germany, as the most prosperous country and the largest economy in the European Union, cannot significantly raise wages, Then it will complicate efforts to exacerbate inflation and eventually relax stimulus measures

work 5.6 hours a day? This is the right of 900000 workers in Germany

on February 7, according to the financial times, after six rounds of negotiations and a 24-hour strike, the German metal industry union (Ig metall), the largest industrial union in Germany, reached an agreement with the southwest metal and electrical employers' Association. The two sides agreed to raise wages by 4.3% from April, increase the use of the torque fatigue testing machine, allow workers to shorten their working week from the standard 35 hours to 28 hours, and reserve the right to return to full-time work

the report points out that the agreement lasts for two years, covering 900000 workers in the metal and electrical industries in Baden-W ü rttemberg, where well-known German enterprises such as Daimler and Bosch are located

Bloomberg reported that Andreas Scheuerle, an economist at Deka bank in Frankfurt, said: "for the trade unions, this deal is not too good or too bad for the trade unions. They managed to promote demand that exceeded expectations."

the background of this labor agreement is that Germany's economic growth rate last year was the highest since 2011, while the unemployment rate was the lowest since 1990. Employers face challenges because of a record loss of 4 The improper employment rate of the lifting guide wheel means that there is a lack of skilled workers in some regions. The BBC report believes that the balance of power in Germany has changed from depending on the boss to employees

at the same time as the ability to deal with trade protectionism has been strengthened, after the reform of the German labor market in 2003 and the global financial crisis in 2008, the wage growth of German workers has been restricted for a long time, and the average wage growth rate in the past ten years is only 0.81%

thousands of members of the German metal industry union (Ig metall) held a one-day strike last week

monetary policy makers and economists of the European Central Bank also pay considerable attention to this negotiation, because they are worried about the long-term impact of stagnant wage growth. If Germany, as the most prosperous country and the largest economy in the eurozone, fails to significantly raise wage levels, it will complicate efforts to exacerbate inflation and eventually relax stimulus measures

after the agreement was reached, Reuters believes that it is expected to be applied in other regions of Germany and affect negotiations in other industries. Verdi, Germany's second largest trade union, will announce the wage needs of workers on Thursday. Verdi and Ig metall together account for 15% of the German workforce. The BBC believes that the construction, telecommunications and chemical industries will also seek more flexible working hours

it is worth mentioning that the outside world believes that the agreement to increase work this time is not surprising, but the demand to reduce working hours is unusual. The appeal of the 28 hour work week is quite radical, which is shorter than the 35 hour work week system implemented in France

in China, in 1995, the State Council issued the decision of the State Council on Amending the working hours of employees, and implemented the system of employees working five days and 40 hours a week from May 1, 1995

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