New Two-Year Industry Agreement: Salary Increases Announced

Tue 1st Apr, 2025

A new agreement has been reached regarding a two-year industry contract, which outlines significant salary increases for workers in the sector. The consensus reflects a 6.4% wage hike over the duration of the agreement, addressing the ongoing discussions between employers and employees.

This development is expected to have a considerable impact on the labor market, as it sets a precedent for future negotiations and agreements within various industries. The increase is aimed at aligning wages with the rising cost of living and ensuring that workers are compensated fairly for their contributions.

The agreement is viewed as a crucial step in fostering a more stable and equitable work environment. Stakeholders in the industry have expressed optimism regarding the potential benefits that this new contract will bring to employees, including improved morale and productivity.

As the agreement unfolds, it will be monitored closely by both labor representatives and business leaders to assess its effectiveness and the response from the workforce. The hope is that this landmark deal will pave the way for more comprehensive labor reforms in the future.


Trump's Tariff Plans Hit Swiss and Asian Markets Hard

The financial markets are reeling from the recent imposition of tariffs by the Trump administration, significantly impacting both Swiss and Asian economies. Following the announcement of steep import...

Austrian Industry Faces Challenges Without Electricity Price Compensation

As of April 2025, Austria stands out as one of the few European nations lacking a compensation mechanism for electricity prices, following the expiration of its previous program at the end of 2022....

Elon Musk Doubles His Wealth in a Year, Reaches $342 Billion

In a remarkable financial feat, tech billionaire Elon Musk has effectively doubled his wealth over the past year, now ranking as the wealthiest person in the world with an estimated net worth of $342...

Business Sector Welcomes Extended Deadlines for Supply Chain Directive and Sustainability Reporting

In a recent development, the European Parliament has agreed to extend the implementation timeline for the Supply Chain Directive (CSDDD) by one year, now set for July 2027. Consequently, the...

Impact of Trump's Reciprocal Tariffs on Austria's Economy

On April 3, 2025, a significant announcement regarding U.S. tariffs was made by President Donald Trump, which is set to have considerable repercussions for the European market, particularly for...

Trump Announces 20% Tariffs on EU Imports

In a significant development for global trade, U.S. President Donald Trump has announced the implementation of new tariffs targeting imports from the European Union (EU). During a speech held in the...

More Quick Read Articles »
German PKV Insurance

German Private Health Insurance

Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.

Hospitals

Hospital and Clinic Directory

Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.

Events

Upcoming Events

Evgeny Kissin

Experience the extraordinary talent of Evgeny Kissin, a pianist who seamlessly merges with the music, producing a sound that resonates with raw power. Renowned as a genius pianist and a virtuosic musician, Kissin embodies the captivating union of the artist with his instrument, showcasing the...