November 22, 2019 / 3:25 PM / 23 days ago

German chemical industry agrees pay deal

FRANKFURT, Nov 22 (Reuters) - The German chemical industry struck a collective bargaining agreement with workers for the next 29 months in what the trade union said amounted to a pay increase of 6%.

Among the benefits agreed, the 580.000 workers in the German chemical and pharmaceutical industry will receive one-off payments of up to 6% of their monthly pay, followed by a 1.5% pay raise in July 2020 and another 1.3% raise in July 2021, employers association BAVC and union IG BCE said in separate statements. (Reporting by Ludwig Burger; editing by Thomas Seythal)

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