Norway: agreement on salaries and pensions struck between the union confederations (LO and YS) and the employers’ body (NHO)

On 08 April 2018, 15 hours after the date that was set for strike action, agreement was eventually found between the employers’ NHO body, and the LO and YS union confederations. Extracting compromise from both sides the agreement primarily intends for an average salary increase of 2.8%, clearer rules on travel, accommodation and food costs, as well as on the AFP pension scheme.
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The right conditions for a positive salary arrangement for those on low wages. ‘Strike action would have been seen as a failure for all and I am relieved that we came to a solution. Everyone had to make concessions to get to this agreement,” enthuses Kristin Skogen Lund, NHO president.

Both LO and NHO agree on the country’s current economic situation. The economy is undergoing a moderate upturn and global demand for Norwegian industrial products is improving. Investment expenditure is set to ris

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