MUNICH/FRANKFURT (Reuters) -Workers at German carmakers and engineering companies will receive a 5.5% wage increase over 25 months under a pilot deal struck with employers, the country's largest industrial union said on Tuesday. The agreement, hammered out ...

The deal, watched by the European Central Bank for its effect on inflation, comes at a tough time for Europe's biggest economy. View on euronews

Germany's largest industrial union said on Tuesday that workers in the electrical engineering and metal industries would get a 5.5% wage increase over 25 months under a pilot deal struck with employers after a marathon 18 hours of tough negotiations.

Germany’s biggest labor union struck a key wage agreement with employers that may raise pay for about 3.9 million workers and avert strikes in the country’s beleaguered manufacturing sector.