WEST GERMANY: METAL INDUSTRY DISPUTE MOVED ON TO THIRD STRIKE DAY AMID GROWING FEARS OF THREAT TO NATIONAL ECONOMY
Record ID:
342123
WEST GERMANY: METAL INDUSTRY DISPUTE MOVED ON TO THIRD STRIKE DAY AMID GROWING FEARS OF THREAT TO NATIONAL ECONOMY
- Title: WEST GERMANY: METAL INDUSTRY DISPUTE MOVED ON TO THIRD STRIKE DAY AMID GROWING FEARS OF THREAT TO NATIONAL ECONOMY
- Date: 24th November 1971
- Summary: 1. CV Sign Stuttgart 0.03 2. GV EXT. Mercedes Benz factory PAN TO strikers 0.14 3. CV Strike notice TILT UP pickets 0.21 4. SV Factory barrier closing 0.26 5. CV Newspaper headline "500,000 out by Friday" 0.32 6. GV Strikers outside factory 0.40 7. CV Strike notice TILT TO pickets 0.54 8. GV EXT. Bosch factory & sign (2 shots) 1.02 9. SV Strike picket outside factory 1.07 10. CV Strike notices (4 shots) 1.22 11. CV Members of strike picketing (2 shots) 1.28 12. GV EXT. Factory 1.33 13. SV Pickets 1.41 Initials SGM/0219 SGM/0210 Script is copyright Reuters Limited. All rights reserved
- Embargoed: 9th December 1971 12:00
- Keywords:
- Location: Stuttgart, West Germany
- Country: Germany
- Reuters ID: LVA68TNPMKXW67O4C46JZ2WPQ6PO
- Story Text: West Germany's metal industry dispute moved into its third strike day on Wednesday (24 November) amid growing fears of its ominous effects on the national economy.
The dispute is over a pay increase, and although the stoppage has been so far confined to one area, it amounts to a nationwide confrontation between I.G. Metal -- West Germany's most powerful trade union -- and the employers.
SYNOPSIS: West Germany's metal industry dispute between workers demanding a pay increase and the employers moved into its third day on Wednesday, amid growing fears that the stoppage may have an ominous effect on the nation's economy. Although the strike was only confined to the Stuttgart area up until Wednesday, it was amounting to a nation-wide confrontation between I.G. Metal -- West Germany's most powerful trade union -- and employers. Strikes and lock-out decisions were estimated to affect 500,000 workers.
Employers in Hamburg on Tuesday had accepted a mediator's proposal for a six per cent rise for the period of a year. It was the first time in the current dispute that employers had gone above a 4.5 per cent limit. But the unions, who were demanding a 10 per cent increase, turned the proposal down, saying that it was no basis for concluding a new wage agreement. In the Schleswig-Holstein areas, a break-down in talks was the result of other claims being rejected.
The dispute -- one of the most bitter and serious in German industry since the War -- has a background of an inflation rate of nearly six per cent, a falling off of industrial profits and fears of a recession. A monthly report issued by the nation's Economics Ministry on Tuesday said Government policy would aim at curbing price rises and preventing a recession. It stressed that co-operation from both business and labour was essential to make the policy succeed. But economic advisers have warned the Government of a slowdown in West Germany's economic boom, predicting rising unemployment and falling exports.
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