Date:

Merkel’s Minimum Wage

Interestingly, German Chancellor Angela Merkel has recently sanctioned Germany’s first minimum wage. It has been set at €8.50 an hour (effectively £7.00 at current exchange rate). The minimum wage is due to be implemented in 2015.

Germany was one of a small group of EU member states that did not have a minimum wage. This was largely due to the fact that wage regulation was conducted via works councils/collective agreements in accordance with the well-established consultation model that has been operative in Germany since post war.

This well-worn route had worked well for the German economy as it successfully rebuffed the economic downturn to a large degree and of course dealt with German reunification.

Read the full article on our dedicated website for HR professionals »

This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.

DWF employment.law-ondemand.com

Employment law moves at a fast pace. Keeping up to date with changes and developments is a challenge for every HR professional, employment.law-ondemand.com helps you keep ahead of the game, plan for change and provides tools for solving those workplace dilemmas.

Visit employment.law-ondemand.com