3.5% Salary Increase in Austrian Banking Industry

Professional ServicesBanks ♦ Published: March 31, 2012; 11:20 ♦ (Vindobona)

After six negotiation rounds, the collective agreement at Austrian banks has been resolved. By April 1, salaries will increase.

3.5% Salary Increase in Austrian Banking Industry / Picture: © Vindobona.org

On average, salaries in the Austrian banking industry, which employs 80,000 collaborators, will rise by 3.47%. It took six negotiation rounds to come to an agreement. The trade union approved the proposal by the employer side. By April 1, salaries will increase by 3.1%. Moreover, there will be a monthly fix amount of € 9.50. For the average salary, this is a 3.47% increase. Besides…