MÁV-Volán management, union reps agree on pay rise

Transport

The management of state-owned railway and bus group MÁV-Volán have reached an agreement with union representatives that will raise base salaries by 10% this year, MÁV said late Monday, according to a report by state news wire MTI.

The pay rise will take place in the framework of a three-year salary increase deal at state-owned service providers that the government agreed to in the summer of 2021.

MÁV said close to 43,000 employees would be eligible for the 10% pay rise which translates as additional remuneration of around HUF 12 billion. MÁV added that it would use savings from the payroll tax reduction to cover the higher payroll costs.

Adding seniority bonuses to the higher base pay, MÁV calculates with around HUF 49 bln in additional payroll costs during the year.

MÁV-Volán group employees' gross annual pay will rise by HUF 530,000, on average, in 2022, MÁV said.

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