Ee gay metall represents about 2. 3 million workers and wants an above inflation 6 pay rise. The other key demand is the flexibility of switching to a 28 hour working week. The union is threatening more strikes. But one of the big concerns for companies is that unemployment is at a record low 3. 6 so theyre worried there wont be enough staff to fulfil all orders if those workers have the option of less hours. Unemployment has also been falling across the rest of the eurozone as the Global Economy continues to pick up, so workers are in a strong position to demand higher wages. If they get them, it could prove helpfulfor meeting the European Central banks target inflation target ofjust below 2 . Theyve been struggling to do that but moving toward it will help them unwind their stimulus programme. Lets get more on this story from Damien Mcguiness in berlin. Welcome. How are the workers justifying a 6 inflation busting pay rise . The past decade and a half has had a lot of wage restraint.
Its all about George Chance to discover the world from different perspectives. Join us in to sponsored by distinctive instagram or others at g. W. Stories topping each week on instagram. Im going to. Call at the king of spain addressed the World Economic forum in davos switzerland king philip is the the six goals for european unity and cost says votes for free trade and an open european economy. Improving prospects for women is high on the agenda its all a team that spoke to a number of influential women about how to get more of them into influential jobs. This is the w. Business live from. Berlin the Office German chancellor Angela Merkel addressed the World Economic forum in davos today contributing to a strong european him focus in the swiss alps france as a model mccraw is speaking just now and earlier today spains king philip of delivered a message that increasingly puts europe at all of the United States that the e. U. Is open for business and wants to preserve free trade a sunny
Group four years old her mother back in chechnya is scared they will never see each other again. I feel gail welcome to the program germanys chancellor has told the World Economic forum that protectionism is not the answer to the worlds problems go also offered a staunch defense of free trade and closer ties with the europe warning against Rising Economic nationalism comes a day before u. S. President donald trump is due to arrive in davos where hes expected to defend his america from his policies. We know that there are National Ecosystems we see populism on the rise we see in many states a polarizing atmosphere and a polarized state of affairs how many people seem to worry wilmont naturalism actually find an answer to tackling the problems that people have that mankind has in a fan equitable way indeed and also if we look at the great challenge of the disruptive changes affair that Technology Want to Technology Office this digital chain and many people seem to doubt that in many coun
Thought this through even more much more intensively than in the past i am now convinced even more that its the most important for the capacity of the country politically im very glad to be here but i think i usually concentrate much more on me how much change is cheering one month how many things are happening and such a commitment for short time and how fast time loose these days and if a country wants to give a contribution to globalisation it has to be actually capable of actions. Of around the clock or that the basis for a Coalition Agreement chance have been established and your partner speedy. Signed off on this agreement last week and i think that we can look at the future with a degree of optimism and we would like to wish you for the final stretch all the very best. And we are there. To support you as we have over the last few years thank you mitt that is dont pity me. For the linnet yes we learn from you. Risk of quote the thank you very much and its been a pleasure to be wi
Global economy. Jamie dimon speaking space of do bloomberg. Like 15 years. Ng europe is doing actually rather well all things considered. America is still chugging along. Good a pretty welcome to bloomberg daybreak. I am anna edwards. Europe. Manus looks like they are making it official. Anna details coming through, clarion and huntsman set to close by the end of the year. They will combine in a merger of althoughhey say, clarion holders will take on 52 of the business, huntsman 48 . A dual listing in switzerland and in new york. You can find the details about the savings they can get, and this has already been an historic year in terms of m a in terms of chemicals. 300 billion in m a planned, better than the previous record. Manus and more news coming through, looks like lafarge has appointed a new ceo. They were close, a lovely line coming from the analysts, saying he needs to recruit a new ceo who will turn the page and get on with it, and that seems to be the key. Hes german. He wa