Consultations Start on New Wage Agreement

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The VKF, a forum of employers, unions, and the government, has started consultations regarding next year's minimum wage and the guaranteed minimum wage for skilled workers, state secretary Zsolt Kutnyánszky said on Thursday at unions association Liga's event, according to a report by state news wire MTI.

The government's goal is for the sides to reach an agreement by the end of the year, he said.

The six-year wage agreement reached in 2017 was favorable for all parties. During the new negotiations the employer, employee, and government sides must take into account the experience of the previous agreement and current economic trends, he said.

The state secretary noted that there are structural tensions in Hungary's labor market. There are significant differences within the country, there is unemployment in some areas, while in others there is a labor shortage, but the Hungarian labor market is not mobile, he said.

The monthly minimum wage in Hungary rose 19% from January 1, 2022, to HUF 200,000 for unskilled laborers and to HUF 260,000 for skilled workers.

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