AGL 37.90 Decreased By ▼ -0.10 (-0.26%)
AIRLINK 214.49 Increased By ▲ 0.58 (0.27%)
BOP 9.47 Increased By ▲ 0.05 (0.53%)
CNERGY 6.48 Increased By ▲ 0.19 (3.02%)
DCL 8.63 Decreased By ▼ -0.14 (-1.6%)
DFML 42.10 Decreased By ▼ -0.11 (-0.26%)
DGKC 97.50 Increased By ▲ 3.38 (3.59%)
FCCL 35.80 Increased By ▲ 0.61 (1.73%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.41 Increased By ▲ 1.02 (6.22%)
HUBC 127.00 Increased By ▲ 0.10 (0.08%)
HUMNL 13.70 Increased By ▲ 0.33 (2.47%)
KEL 5.27 Decreased By ▼ -0.04 (-0.75%)
KOSM 7.07 Increased By ▲ 0.13 (1.87%)
MLCF 44.25 Increased By ▲ 1.27 (2.95%)
NBP 59.40 Increased By ▲ 0.55 (0.93%)
OGDC 220.60 Increased By ▲ 1.18 (0.54%)
PAEL 40.51 Increased By ▲ 1.35 (3.45%)
PIBTL 8.14 Decreased By ▼ -0.04 (-0.49%)
PPL 193.99 Increased By ▲ 2.33 (1.22%)
PRL 38.41 Increased By ▲ 0.49 (1.29%)
PTC 27.10 Increased By ▲ 0.76 (2.89%)
SEARL 104.05 Increased By ▲ 0.05 (0.05%)
TELE 8.65 Increased By ▲ 0.26 (3.1%)
TOMCL 35.00 Increased By ▲ 0.25 (0.72%)
TPLP 13.65 Increased By ▲ 0.77 (5.98%)
TREET 25.08 Decreased By ▼ -0.26 (-1.03%)
TRG 71.52 Increased By ▲ 1.07 (1.52%)
UNITY 33.21 Decreased By ▼ -0.18 (-0.54%)
WTL 1.73 Increased By ▲ 0.01 (0.58%)
BR100 11,980 Increased By 86.4 (0.73%)
BR30 37,220 Increased By 365.1 (0.99%)
KSE100 111,383 Increased By 959.7 (0.87%)
KSE30 35,051 Increased By 273.3 (0.79%)

Germany's metalworkers' union said Saturday that it will intensify its campaign for better pay and conditions, threatening 24-hour "warning strikes" after talks with industry representatives fell apart. Production by the country's crucial metal and electrical engineering industries may be affected next week by the walkouts after the latest round of negotiations ended without a deal.
The main sticking point remains the powerful IG Metall union's demands for workers to have the option of a 28-hour week, with employers making up some of the salary loss. "Obviously employers do not understand any language other than pressure," said Roman Zitzelsberger, the chief negotiator for IG Metall, which represents more than 3.9 million workers.
The union's boss Joerg Hofmann said up to 50 companies would be affected between Wednesday and Friday by the 24-hour strikes in selected sites across the country. In a statement, the regional employers' association Suedwestmetall warned against solutions that would inflame the situation and denounced the "disproportionate demands" of the union. The full-day walkouts are a recent addition to the union's arsenal, which has never used them before.
Europe's biggest union has also raised the prospect of staging its first open-ended strike since 2003. It mobilised more than 600,000 workers in a series of short warning strikes earlier this month, including at Volkswagen, BMW, Bosch and Siemens. The biggest hurdle in the talks is IG Metall's insistence that employers top up the salaries of some of the workers who choose to reduce their hours.
Employers have slammed the demands as too costly and even discriminatory to staff already working part-time without additional compensation. They have also so far only offered a two-percent wage increase, rather than the six percent sought by the union.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.