Fourth Round for Electrical Industry Collective Agreement Begins

The collective bargaining negotiations for the approximately 60,000 employees in the electrical and electronics industry will enter the fourth round on Friday starting at 10 AM. Employee representatives criticize the current employer offer of a 0.5 to 1 percent wage or salary increase as too low. This is significantly below the rolling inflation rate of 2.76 percent and means real income losses.

Collective Agreement Applies Retroactively

The Association of the Electrical and Electronics Industry (FEEI), on the other hand, points to the high costs for the labor factor. These can often no longer be passed on to customers. The new collective agreement (KV) applies retroactively from May 1st.

(APA/Red)

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