Advertisement
UK markets close in 8 hours 10 minutes
  • FTSE 100

    8,133.89
    +55.03 (+0.68%)
     
  • FTSE 250

    19,665.87
    +63.89 (+0.33%)
     
  • AIM

    754.42
    +1.30 (+0.17%)
     
  • GBP/EUR

    1.1652
    -0.0005 (-0.04%)
     
  • GBP/USD

    1.2503
    -0.0008 (-0.07%)
     
  • Bitcoin GBP

    51,432.39
    -49.64 (-0.10%)
     
  • CMC Crypto 200

    1,388.52
    -8.02 (-0.57%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    84.11
    +0.54 (+0.65%)
     
  • GOLD FUTURES

    2,350.80
    +8.30 (+0.35%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,662.57
    +378.03 (+2.19%)
     
  • DAX

    18,036.13
    +118.85 (+0.66%)
     
  • CAC 40

    8,062.16
    +45.51 (+0.57%)
     

Germany's Scholz welcomes lump sum in IG Metall pay deal - spokesperson

FILE PHOTO: Members of German Metal Workers' Union IG Metall protest in front of a Siemens factory in Karlsruhe

BERLIN (Reuters) - Chancellor Olaf Scholz welcomes the inclusion of a lump sum payment to workers in a pay deal that Germany's largest trade union, IG Metall, agreed on Friday with employers in a powerhouse region, a government spokesperson said.

The deal sets the benchmark for 3.9 million metal and electrical sector workers nationwide.

"I think it's a good tradition that we don't comment on independent bargaining agreements as a matter of principle. What I would like to say, however, is that the chancellor is very positive about the possibility of tax-free and levy-free one-off payments," the spokesperson told a government news conference.

(Reporting by Paul Carrel, editing by Rachel More)