Finland -National wage agreement raises monthly wages by €16 -June 16, 2015

With a cut in income tax for low and middle income earners, the wage pact is meant to maintain the purchasing power of workers.

All employers’ associations and all but two trade unions have accepted a national wage agreement that will raise wages by €16 or 0.43% per month, whichever is greater. The national wage agreement was initially concluded in October 2013 for two years and has now been extended for a third. Together with a cut in income tax for low and middle income earners, the wage pact is meant to maintain the purchasing power of workers. Two unions did not sign the agreement, transport workers’ union AKT and the Finnish seafarers’ union. They will negotiate their own sectoral agreements.

English: http://heikkijokinen.info/en/trade-union-news-from-finland/804-national-wage …  

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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