Germany Eyes Wage Increases

By: AP
By: AP

BERLIN (AP) -- Germany's labor minister is calling for solid wage
rises in the country, pointing to healthy company profits following
two years of strong economic growth.

In Germany, pay rises are hammered out between employers and
union representatives in industrywide negotiations. This year,
leading union IG Metall is seeking a 6.5 percent raise for
industrial workers.

Labor Minister Ursula von der Leyen was quoted Saturday as
telling Bild am Sonntag newspaper that, following hard work and
wage restraint in recent years, "success is there now: German
business is making tidy profits."

She added: "Now employees must get a share in this, and they
must feel the increase." She said that means wage increases
"should not be gobbled up by price rises."

Germany's annual inflation rate was 2.1 percent in January.


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