Magyar Suzuki raises wages by 12%


Magyar Suzuki announced increasing wages at its Esztergom plant by an average of 12% retroactively to January, following consultations with the company's Works Council.

Salaries for office workers will increase by an average of 9%, for manual workers by 12%, and for operators by 14% in 2022.

The company also says that it is planning with a 13th month year-end bonus and compensates five national holidays over the weekend with rest days.

The average increase of 12%, granted retroactively from the beginning of the year, will be paid to the company's employees in March. In addition to the shift bonus, the company is introducing a new bonus scheme in the form of a performance-based productivity bonus and has also set a 13th monthly bonus payment for December for its entire workforce.

After consultation with the Works Council, Magyar Suzuki management has closed the working time framework as of December 31, 2021. Last year, production at the Esztergom plant was limited to one shift for approximately four months due to the chip shortage. During this period, all affected employees received the two-shift pay rate. The employer waived the right to make up the working days not worked before the end of the working time, thus reducing the average number of working days already paid to physical workers by 15. The new working week runs from January 1 2022 to May 31, 2023.


Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


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.