Builders in Germany to strike in latest blow to troubled construction sector

Among other things, the deal proposed a raise of 250 euros per month from May 1,2024, with a further increase on April1,2025, of 4.51% in eastern Germany. 

The German Construction sector faces its first nationwide strike since 2002 after employes rejected a deal on Friday that independent negotations had hoped would slove their dispute overthe wages of some 930,000 workers. 

Now we strike, massively," Robert Feiger, head of the IG BAU union, said in a statement. 

Shortly before, employers had said they could not accept the arbitrated deal, which had been accepted by the union in the late April. Among other things, the deal proposed a raise of 250 euros per month from May 1,2024, with a further increased  on April 1,2025. 

Germany's construction sector is already struggling with a rapid rise in interest rates and costs, putting an end to a years-long surge fuelled by low rates and strong demand. 

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