Social forum fails to reach agreement on pay raises

Telco

The National Economic and Social Council, a broad social forum, failed to reach an agreement on next year's wages at a meeting today, Hungarian news agency MTI reported. The talks broke down after the government failed to respond to unions' request to discuss other demands as a condition to a wage agreement.

A draft agreement that has already been approved by the government and employers, and conditionally approved by unions, would raise the minimum wage by 3.5% and overall wages by 3-4%. If the sides fail to reach an agreement, the government will unilaterally announce next year's minimum wage and no recommendation on overall wage increases will be made.

The draft agreement would raise the minimum wage for unskilled labourers by HUF 3,500 to HUF 105,000 and the minimum wage for skilled workers by HUF 4,000 to HUF 122,000.

MET Group Records 2nd Most Profitable Year in 2023 Energy Trade

MET Group Records 2nd Most Profitable Year in 2023

Gov't Considering Fuel Price Intervention Government

Gov't Considering Fuel Price Intervention

Wienerberger Lays Cornerstone of HUF 12 bln Concrete Tile Pl... Manufacturing

Wienerberger Lays Cornerstone of HUF 12 bln Concrete Tile Pl...

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.