Slovakia -Workers win pay rise -July 25, 2012

US Steele Košice has agreed a deal which will see workers’ pay increase by 4% in return for a two-hour increase in the working week and a 12% reduction in the workforce. The compromise comes after four months of negotiations and paves the way for the company to cut 1,650 jobs by 2015. The trade unions have accepted a voluntary redundancy scheme to reduce jobs, and have agreed that workers who leave will not be replaced – several hundred workers leave the company each year when they reach retirement age. The company has guaranteed that there will be no compulsory redundancies.



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