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To: goldsnow who wrote (15732)	1/12/2000 3:18:00 AM
From: MNI	Respond to of 17770

Does IGM own bonds ? <gg> Here the move is seen as tactical. IGM had unfounded hopes that they will be able to push through general early retirement at age 60. After 'pacification' by the Chancellor, it went back to an ealier situation, where there may be tariff contract regulations to allow age 60 retirement in single cases or single branches in exchange for a stepback of wage-increase claims by the unions. Therefore, the surprisingly high claim is seen as a tactical move. Besides, it is one of the rare years (first in twenty?) when not the majority of unions is supporting IGM, and there even has been loud criticism by several. However, it is assumed that initial wage claims will be between 3.5 and 4.5 per cent in all branches now, as union leaders cannot afford to look too weak in comparison with IGM. It might be that IGM was surpassed in membership numbers by the IG Medien, which was sythetized from IG Print and several others, I think in 1997/8. However IGM is still perceived the 'strongest' of unions in Germany, and that is surely fostered by the good year results of German car makers ... Regards MNI.