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MÁV comes to wage agreement with railway unions

State-owned Hungarian railway MÁV concluded a 2011 wage agreement with five unions representing railway workers, MÁV informed MTI.

Under the agreement MÁV would raise the gross wages of employees earning under HUF 293,400 per month to compensate for the decline in net wages in lower wage categories stemming from personal income tax changes.

A sixth railway union, VDSzSz, did not sign the wage agreement, though said it would not oppose the settlement.

MÁV agreed with the six trade unions to raise the gross value of benefits in-kind (cafeteria items) by HUF 12,000 to HUF 350,000 annually. (MTI – Econews)