Although rekindled inflation and indicators of a slowdown in economic activity throughout the EU clearly exerted an influence on negotiations, the social partners reached, on May 14, an agreement featuring a 3.4% wage increase for 60.000 workers in both sectors. Options for negotiations at company level are also scheduled. (Ref. 080419)
The wage agreement signed between the employers’ association of the Austrian Electrical and Electronics Industries (FEEI) on the one hand and two unions, the GPA (the union of salaried employees) and the GTMN (iron and steel, textiles and food) on the other, was only finalized after four long rounds of negotiations and an extraordinary meeting with 800 leaders of works councils from the companies concerned. For Albert Hochleitner, negotiator for the FEEI, searching for a compromise proved “par
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