Electronics Industry Collective Agreement: Nearly 40 Works Meetings in Austria

After four fruitless rounds of talks for this year's collective agreement for the electrical and electronics industry, the works meetings continued on Wednesday. With almost 40 meetings, today was a particularly strong day, according to the union PRO-GE upon APA's request. Among others, there were meetings at Zumtobel in Vorarlberg, AT&S in Styria, Infineon in Carinthia, Siemens in Vienna, and Traktionssysteme Austria (TSA) in Lower Austria.

Works meetings also on Thursday

Tomorrow, Thursday, the works meetings will continue. There is no date yet for a fifth round of negotiations. The electrical industry is not the only sector where the spring wage round is stalling. In the paper industry, after three rounds of negotiations, there is still no agreement. Here, a strike authorization is in the air.

In the chemical industry, an agreement has already been reached, with around 50,000 employees receiving a 2.65 percent increase in wages and salaries. In the wood industry, with its approximately 27,400 employees, incomes will be increased by 2.8 percent.

Economic forecast and outlook

After employer representatives and economic researchers recently advocated for wage restraint up to a zero-wage round, two interesting appointments are scheduled for tomorrow: The Association of the Metalworking Industry, which traditionally kicks off the autumn wage round, will announce its economic forecast, and Wifo head Gabriel Felbermayr will provide an economic outlook at the Club of Economic Journalists.

(APA/Red)

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