Further wage raise planned at OBI Hungary

Retail

Wages of approximately 1,700 employees working in stores of German-based DIY chain OBI in Hungary will be raised by 23%-25%, presumably bringing to a conclusion the recent conflict between management and workers that led to a threatened strike, according to reports.

At the beginning of last year the chain raised wages by 4%, but stopped further raises, despite growing revenues, according to Hungarian online daily napi.hu. Subsequently a strike committee was formed that made preparations over the summer for a possible strike, while some other employees were planning to leave for good.

Under the aforementioned pressure, a 15% raise was agreed after the summer, which is being topped up by a 23%-25% raise this year. As a result, in the past two years, the wages of OBI workers have increased by almost 45%, the paper reported.

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.