Agreement on bank KV: gross salary increases by 7.25 percent

This means an increase in all incomes between 8 and 9 percent, which results in an average increase of 8.3 percent, according to the GPA union and employers on Thursday.

Apprentice incomes will be increased by 9 percent. The collective agreement negotiations were based on annual inflation of 7.8 percent.

The spring wage round starts next Tuesday and is traditionally heralded by the electrical and electronics industry with its 60,000 employees. The paper industry is also starting out with 8,000 employees. The basis for the KV negotiations is rolling inflation of 6.8 percent (February 2023 to February 2024). Current inflation is 4.3 percent.