In mid-November, voestalpine boss Herbert Eibensteiner had already announced that the competition and labor protection clause would be applied to four companies of the steel group in Austria. After negotiations with the works council, the clause was withdrawn from companies in Krieglach, Kapfenberg and Traisen. No agreement was reached at the foundry in Linz.
Due to its global presence and broad product range, voestalpine can weather the challenging times relatively well. However, not all companies are doing well. That is why CEO Herbert Eibensteiner announced in mid-November that they were communicating intensively with employee representatives to take advantage of the competition and labor protection clause agreed in the metalworkers agreement. Collective Labor Agreement negotiations.
Agreement reached for 3,600 employees
It was announced on Thursday: this rule will be applied at four locations – namely at the pipe production in Krieglach, at Böhler Edelstahl and Böhler Aerospace in Kapfenberg and at the foundry in Traisen. The directors of the companies concerned were able to find satisfactory solutions for the total of 3,600 employees together with the employee representatives present.
What does the clause mean? Wages and salaries of employees in the affected food companies increased by only 3.3 and 4.05 percent instead of the 4.8% that would otherwise apply in the metal industry. In return, employees receive a one-off bonus or time off as compensation.
Measures for foundry in Linz are being revised
The discussions at the foundry in Linz did not yield any results: in January we will evaluate what measures need to be taken there to cope with the current challenging environment. What consequences this may have for employees remains unclear.
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.
