The KV minimum wages in the chemical industry will increase retroactively from May 1

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The KV minimum wages in the chemical industry will increase retroactively from May 1

Employer and employee representatives from the chemical industry reached agreement on a new collective labor agreement with a term of twelve months in the seventh round of negotiations on Monday afternoon.

For the approximately 50,000 employees in the sector, the KV minimum wage will increase retroactively by 6.33 percent as of May 1, but by a maximum of 316.50 euros.

The actual wage and the minimum wage will be increased to the same extent. Student income also increases by 6.33 percent. The new collective labor agreement applies for a period of twelve months.

The unions PRO-GE and GPA had called for a wage and salary increase for the approximately 50,000 employees in the chemical industry, in line with the progressive inflation rate of 6.33 percent, and for a capped payment for high earners – this has now been agreed reaches.

In view of stalled negotiations, one- to two-hour warning strikes took place last week in about 50 companies in the chemical and pharmaceutical industries, including Boehringer Ingelheim, Borealis, Lenzing, Novartis, Sandoz, Semperit and Takeda.

Source: Krone

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