Retail Trade: Salary Increase of 3.6%

BusinessEconomy ♦ Published: November 30, 2011; 12:02 ♦ (Vindobona)

520,000 employees are concerned by the new collective agreement. Additional cost for the companies will amount to approximately € 650m.

Retail Trade: Salary Increase of 3.6% / Picture: ©

After 14 hours of negotiations, representatives of the employer and employee side came to a new collective agreement for the trade sector. Salaries of the 520,000 employees will increase by 3.6% on average on 1 January 2012. Apprenticeship remuneration will go up by 3.9%.

Employees who earn a gross salary of not more than € 1,500 will receive a fix amount of € 50, which…