Bank Collective Agreement: Salaries to Increase by Three Percent from April
Die KV-Verhandlungen im Finanzsektor sind abgeschlossen.
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Employers and union agree on minimum salary increase in the financial sector.
After intensive negotiations, the employers of the banking industry and the union GPA agreed on Tuesday evening to increase the minimum salaries by three percent. The adjustment affects around 68,000 employees in the financial sector and will take effect on April 1st.
Collective Agreement for Around 68,000 Employees in the Financial Sector
In addition to the salary increase, it was agreed to raise the minimum contribution to the company pension scheme by 0.15 percentage points.
The banking association described the agreement as a "barely acceptable compromise from the employer's perspective." With three percent, the adjustment is slightly above the inflation rate for 2024, which is forecasted at 2.9 percent.
(APA/Red)
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