Autoliv workers, management agree on wage rise, after strike

Conferences

Following a two-hour long strike last week, Autoliv Kft.ʼs management board finally came to an agreement yesterday with the Vasas workers trade union on the matter of wage increases, Hungarian news agency MTI reported.

A strike committee was formed on March 24, after the workers union deemed the 2.5% wage increase by the management board to be unacceptable. 

The strike on March 31 was successful as management has since promised a 10% wage increase for assembly line workers retroactive to January 1. Blue collar workers who carry out indirect services and administrative staff will both receive a 4% wage increase, while factory workers will receive a 5% increase, according to Hungarian online daily index.hu.

Blue collar and factory workers will also receive the previously promised 13th month wage plus HUF 78 thousand in holiday compensation. While office workers will only receive the 13th month of wages in two instalments, index.hu reported.

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March Analysis

Bamosz Investment Fund NAV Reaches HUF 15.624 tln in March

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Share of 1st Time Home Buyers Climbs Residential

Share of 1st Time Home Buyers Climbs

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

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.