Germany’s chemical workers’ union (IGBCE) reached a collective bargaining agreement with employers to delay wage increases until 2027 due to a weak economic outlook and geopolitical pressures (including war-related energy costs). Instead of immediate raises, workers will receive gradual increases (2.1% in 2027 and 2.4% in 2028). The deal also includes employer contributions to a job security fund. This reflects a cooperative labor-management compromise prioritizing job stability over short-term wage gains.
See "German chemical union delays wage hikes as war worsens business outlook", Staff, Reuters, March 30, 2026