In the second round of negotiations, employer and employee representatives in the chemical industry agreed on a new collective labor agreement. For the approximately 50,000 employees in the sector, the KV minimum wage will increase by 9.9 percent as of May 1 and the actual wage by 9 percent, the Chemical Industry Association announced on Monday evening.
According to the announcement, apprentice wages and shift and night allowances will also be increased by 9.9 percent.
Additional amount of 48 euros per month
The employer representatives and the trade unions PRO-GE and GPA have agreed on an additional monthly amount of 48 euros in all salary levels on top of the percentage increases.
“Big Challenges”
“The current economic situation poses major challenges for all of us. Rising costs for energy and raw materials are a major burden, affecting the international competitiveness of companies. That is why it was important to quickly create planning certainty,” said Rainer Schmidtmayer, chief negotiator for the employers, about the conclusion. According to Schmidtmayer, employees in the lower salary scales in particular would benefit from the agreement.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
