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Magyar Suzuki raises wages by 12%

Automotive

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.
 

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