Printer Friendly

Swedish municipal strike ends with wage agreement.

NORDIC BUSINESS REPORT-29 May 2003-Swedish municipal strike ends with wage agreement(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish trade union Kommunal has reached an agreement with local government employers, ending a strike which has lasted for five weeks.

The two-year wage agreement will provide municipal employees with pay rises of between 2.6% and 5%. This will increase wage costs by 3.95% in the first year and by 2.45% in the second year, according to Reuters.

The agreed pay rise amounts to an average of 3.2% per year over the two years. The Swedish central bank has said that pay rises should not exceed 3.5% per year because higher wage increases could fuel inflation.

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

COPYRIGHT 2003 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:May 29, 2003
Words:133
Previous Article:Norwegian consumer ombudsman demands withdrawal of Ryanair campaign.
Next Article:Saab AB faces USD70m lawsuit in the US.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters