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Chamber of Labor Claims Substantial Wage Increase

Politics ♦ Published: October 10, 2011; 20:35 ♦ (Vindobona)

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The Austrian Chamber of Labor calls for a massive rise in wages for metal workers. The union refers to increase profits of the metal industry.

Chamber of Labor Claims Substantial Wage Increase / Picture: © Vindobona.org

“Now it is time that the employees receive a fair stake.”, Herbert Tumpel, head of the Austrian Chamber of Labor states. Tumpel argues that the metal industry currently has full order books and that sales are already at the pre-crisis level. Moreover, “profits reach new records”. EBIT has risen by 40% to 2.2bn in the industry. For Tumpel, these numbers are exceeding all…