At the end of the fourth round of negotiations, social partners of the Austrian metallurgical industry finally found an agreement. Employers not only succeeded in limiting wage increases at 2.6 % but also in making them "flexible": « an agreement that meets the economy's wishes », acknowledges the metalworkers' trade union. (Ref. 061099)
The metalworkers’ trade union (Gewerkschaft Metall – Textil und Nahrung – GMTN) struggled during two months to obtain a wage increase higher than 3 %. But failed. On November 2nd, the social partners agreed on a 2.6 % wage increase which concerns the sector’s 161 000 employees, valid from November 1st, 2006. Employers can also choose « the sharing out option », a practice already used in other branches. The sharing out option means the employer must pay a global increase of 2.9 % in volume. But
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