Hungary - Minimum wages increase - December 31, 2015

The government reached an agreement with three employer associations and two trade unions on the monthly minimum wages for skilled and unskilled workers. The monthly minimum wage for unskilled workers will rise in 2016 to gross 111,000 forints (353.6 euro) and skilled workers will get 129,000 forints (411 euro). The minimum wages will be confirmed in a government decree before the end of 2015. Calculating with projected inflation of 1.6% and a personal income tax rate of 15% in 2016, the minimum wage will rise in real terms by 5.6% for unskilled workers and by 5.7% for skilled workers in 2015. Trade union confederation MaSzSz, also a member of the broad forum of representatives from the private sector and the government responsible for wage talks, did not sign the agreement.

English: http://hungarytoday.hu/news/minimum-gross-wage-hungary … 

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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