Slovakia - Steel workers receive highest bonus in 10 years - February 28, 2018

Employees at a Košice-based plant of the U.S. Steel corporation will benefit from a successful turnover. The success will be reflected in the employees’ variable wage payment, which will be the highest since 2007, as the result of the applicable collective agreement. 8.5 percent from the average consolidated net profit for the previous three months will be paid to the steelworks’ employees. Back in 2007, the variable wage payment amounted to some 250 euro, but during the crisis employees received only single-digit payments. The trade unions expressed their satisfaction and referred to the success in negotiations over the collective agreement, which brought the variable wage payment at the level received by other U.S. Steel employees in the USA.

Read on: in English …

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