German metals employers say wage hike limit is 3 pct

Newswire

BERLIN, March 23 (Reuters) - German engineering and metals employers will not agree to a wage increase this year of more than 3 percent for 3.4 million workers in the sector, the head of their lobby was quoted as saying on Friday. Ahead of a second round of talks between employers' group Gesamtmetall and union IG Metall on Tuesday, Gesamtmetall President Martin Kannegiesser told the Sueddeutsche Zeitung this year's pay hike could not exceed last year's 3 percent raise. "A wage increase ...

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