German chemical union delays wage hikes as war worsens business outlook
Germany’s IG BCE chemical workers’ union agreed to delay planned wage increases due to worsening economic conditions linked to geopolitical conflict and weak industrial demand. Instead of immediate raises, the deal spreads pay increases over a longer period to ease pressure on employers. The compromise reflects concerns about maintaining jobs in a struggling sector.
See "German chemical union delays wage hikes as war worsens business outlook", Staff, Reuters, March 25, 2026