Interesting Fact # 689 - Minimum Wage

Germany has agreed to introduce a minimum wage for postal workers. The minimum wage, which will be introduced on Jan. 1, 2008, is expected to be €8.00 ($11.70) per hour in the states of the former East Germany and €9.80 ($14.35) per hour in western Germany.

(Luxembourg-based Pin Group immediately announced that it will cut more than 1,000 jobs in Germany in response, they currently pay between €7 and €7.50 per hour on average.)