Image: Antonio Bayer
The governor of the Oesterreichische Nationalbank, Robert Holzmann, hopes that a sensible solution will be reached in the ongoing wage negotiations: “I hope you finish below ten percent and not more”he said on Friday. The higher the wage agreement, the greater the risk that inflation will be further fueled. Insufficient qualifications are also not beneficial because they could have a negative impact on real income and economic growth.
In the conflict over a deal, the Salzburg fittings manufacturer Maco has made an unusual proposal: It offers wage increases of seven percent if the employees refrain from strikes – valid until an agreement is reached, after which the collective agreement applies.
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