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Barely a week after the IG BAU construction union called off its strikes and agreed a wage settlement, construction companies have announced 10,000 job cuts.
A collective wage agreement has been reached for the approximately 930,000 employees in the German construction industry, the IG BAU union and employers announced jointly on Wednesday. In the third week of strikes, both parties agreed on a joint proposal with a three-year term. The proposal is to be discussed in committees until June 14. Until then, industrial action measures are suspended. By the end of the three-year period, the full alignment of wages in Germany's eastern states with those in
The strike is the first in the sector for 17 years and the first nationwide strike for 22 years.
BERLIN -The German construction sector faces its first nationwide strike since 2002 after employers rejected a deal on Friday that independent negotiators had hoped would solve their... -May 03, 2024 at 09:26 am EDT - MarketScreener
Germany Real Estate: GERMANY-CONSTRUCTION/STRIKE (UPDATE 1)UPDATE 1-German builders to strike in latest blow to troubled construction sector