Negotiators averted a strike in the east German steel industry with an agreement Thursday to a wage contract only slightly under the western levels.
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Today, the European Central Bank left key interest rates unchanged as ebbing inflation, stable exchange rates and moderate wage contracts calmed policymakers.
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Nerb said an unexpected shock _ such as full-scale strikes by labor unions now negotiating new wage contracts _ could change that.
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The more colleagues take part in the strikes, the better the chance of a good wage contract at the end of the conflict,
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Unions threatened strikes and court action in protest, saying the reductions were illegal under some existing wage contracts and unacceptable for future wage agreements.
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The roughly 30 strikers are protesting local wage contracts, and the strikes have nothing to do with ongoing talks in Germany, she said.
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The Dayton Daily News interviewed former U . S . Department of Labor Secretary Robert B . Reich about tiered wage contracts and their impact on workers.
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Many wage contracts contained explicit COLA's _ cost-of-living adjustments _ that automatically raised wages in tandem with the consumer price index.
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Schroeder has insisted the roundtable talks won't be used to negotiate wage contracts but to agree on wider measures to improve job creation in Germany.
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IG Metall union negotiator Hartmut Meine cited movement in the talks Tuesday, saying company officials were ready to put job guarantees in the new wage contract.
