Austria: banking employees get a 1.36% raise

to go through the four statutory negotiating meetings to reach, on Tuesday, January 19, a wage agreement. The sector’s 80,000 employees will see their salary increase of 0.75% on February 1, 2010. They will also receive a single 15 euros bonus in August, i.e. a global 1.36% increase over 14 months (12 months in 2009). The duration of the agreement was extended via a technical agreement between the social partners. In theory, postponing collective agreements’ deadline from February 1 to April 1