ADVERTISEMENT

MÁV-Volán Reaches Wage Agreement With Rail Workers

HR

Photo by BalkansCat/Shutterstock.com

State-owned rail and bus group MÁV-Volán reached an agreement with railway workers unions yesterday that will raise average remuneration by at least 28.4% over three years, Hungarian State Railways (MÁV) said in a press release.

Unions for workers at bus company Volán did not sign the agreement, MÁV noted.

In the preamble to the agreement, unions express their commitment to supporting restructuring and modernization at the MÁV-Volán group, the company added.

János Meleg, who heads the railway workers' union VSz, said the deal was the "best possible one given the circumstances."

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

EC Puts Hungary 2024 GDP Growth at 2.4% EU

EC Puts Hungary 2024 GDP Growth at 2.4%

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.