Germany’s industrial and mining sector is demanding significant wage increases to offset high inflation

On the occasion of Labor Day, which falls today, the industry and mining sector demanded significant increases in workers’ wages to balance high inflation.
“For two years, we have adopted a responsible wage policy due to the pandemic, the focus has been on preserving job opportunities amid the deepest recession in our post-war history, and now our members expect to raise large wages.” .
He added, “Balancing inflation cannot be a matter of unions alone. It is also a matter for the state, which must ease the burden of ensuring that workers can afford high energy prices.”
Hoffman does not anticipate the risk of a wage-price spiral, which means that higher wages inevitably lead to higher product prices. On the other hand, he explained that due to the high demand caused by the process of replenishment from the crisis and the corresponding reduction of supply due to the interruption of supply chains, companies were able to pass almost all increases in energy and energy and. raw material prices for consumers.
According to preliminary calculations by the Federal Statistical Office, the inflation rate in Germany in April last year was 7.4, on an annual basis, according to “The German”.
Frank Wernecke, president of the Verdi union for service workers, said the ball is now in the court of employers. He added, “In the rounds of collective bargaining, we want to at least offset the price increase and if possible achieve a real wage increase.”
Prices of goods imported into Germany continued to rise last March, influenced by the aftermath of the war and the disruption of global supply chains.
And the Federal Statistical Office announced at its headquarters in Wiesbaden, that import prices in Germany increased by 31.2 percent, compared to the same month last year.
According to the data, this is the strongest growth since 1974. Analysts had expected an average increase of 28.6 percent and in February import prices rose by 26.3 percent.
Energy prices in particular continue to rise sharply, as the cost of imported energy rose 160.5 percent last March on an annual basis, and the statistics office attributed the main reason for the sharp rise in natural gas prices, which was quadrupled on an annual basis.
The office noted that the increase in the price of gas, which reached 304.3 per cent, is a record increase, and the cost of crude oil and petroleum products such as gasoline also rose sharply and the prices of imported electricity rose by 440.8 percent on an annual basis. , while the cost of coal imports increased by 307. percent.
Import prices are one of several price levels that affect consumer prices, and the European Central Bank bases its monetary policy on the latter.
Moreover, Germany is preparing to receive significantly more foreign tourists after “two very difficult years” due to the pandemic, according to the description of the National Tourism Board GNTB.
The level of interest in Germany as a travel destination is very high, said Petra Heidorfer, chair of the board, before the start of a trade fair focused on travel to Germany today in Bavaria.
Hedorfer said people coming to Germany are interested in city vacations, cultural trips and nature trips, describing these trends as consistent with Germany’s character as a travel destination. Hedorfer pointed out that the desire to travel is constantly growing in Europe, where most travelers come to Germany, citing a survey conducted last January, which found that 80 per cent of respondents are considering traveling abroad again.
On the other hand, Hedorfer said that the number of individuals who do not intend to travel or want to spend holidays within the country where they live is constantly declining, explaining that the aspirations of individuals to travel have continued to reach record levels even after Russia began intervening. its in Ukraine.
Hedorfer added that Germany will provide more and more online travel opportunities in the future, with the digital tools necessary to inspire people to travel, explaining that when tourists arrive at travel destinations, here voice guidance applications and intelligence artificial can provide more support.
Heidorfer said that internationally, many see Germany as the most inclined country to overcome global challenges to protect the environment and natural resources.
Traders are promoting Germany as a sustainable destination under the slogan “purely inspiring”, based on the country’s data on the protection of monuments, natural areas and climate-friendly mobility.
On the other hand, last year 236 German citizens donated money to the state voluntarily. This came in response to the government’s questioning of former Chancellor Angela Merkel’s Christian alliance, and the government said the total donated by these citizens amounted to exactly 64,000 euros. This money reached the account known as the Debt Payment Account of the Ministry of Finance, which is being used specifically for this purpose. Given the country’s billions of debts due to the coronavirus pandemic and the conflict in Ukraine, these donations are literally just a drop in the bucket. The willingness to make donations in the past was much greater than last year, as the volume of donations in this account in 2018 was over 600 thousand euros, which is ten times the donations of last year. The government said: “The debt repayment account was created by the Ministry of Finance based on the wishes of many enthusiastic citizens and is available for voluntary payments and is therefore expected to continue in its current form in the future.” In its response, the government listed the top five payments made to the Deutsche Bank account last year, ranging from 15,000 to 25,000 euros.

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