1. The employers agreed to recognize the unions as the legitimate representatives of workers

2. The employers agreed to no longer attempt to dissuade individual employees from becoming union members

3. The employers agreed to negotiate wages and other conditions of employment with the unions on a multi-employer, industrial basis (e.g. steel in the north part of Germany)

4. Works Committees were to be established in firms with more than 50 employees

5. There would be an arbitration system for the settlement of industrial disputes

6. The employers promised to introduce the 8-hour workday

7. The unions promised to suspend all demands for a nationalization program.