The social partners in the Austrian trade industry, the DPA-djp union and the Trade Department of the Austrian Economic Chambers (WKÖ), presented, for the first time in the sector’s history, a collective agreement valid for 2 years. On January 1, 2014, the sector’s 500,000 employees will receive a 2.5 percent wage increase. In 2015, the increase will amount to the inflation rate plus 0.4 percent. The bargaining parties rejoiced that they chose a duration that guarantees, on the one hand, a real wage increase and, on the other, security in planning wage costs. Monthly sectoral minimum wage will increase by €100 gross, divided in 2. (Ref. 130709)
For the first time in the history of Austrian trade, the social partners presented an agreement signed for 2 years. This isn’t irrelevant in a country where collective agreements are almost always limited to 12 months.
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