Steelworkers union and their employers agreed to a two percent wage increase and a €350 one-time payment for workers in a second round of negotiations in Düsseldorf late Tuesday night, according to a spokesperson for industry labour union IG Metall.
The world’s largest steel producer ArcelorMittal is planning to lay off several hundred workers in Germany, according to financial daily <i>Handelsblatt</i> on Monday.
