Workers in the Finnish tech industry have a new wage contract, expected to raise salaries by an average of three percent over the next two years. Details are still emerging.
Wage pact agreed in Finland’s crucial tech sector
A deal has been reached in the long-running wage dispute between the Technology Industries of Finland (TIF) and the Finnish Industrial Union. It changed its name from the Metalworkers' Union last spring - writes yle.fi.
Eeva-Liisa Inkeroinen, TIF's Executive Vice President for Industrial Relations, confirmed on Twitter shortly before 4 pm on Monday that a deal had been struck, without providing details.
Yle reported earlier in the afternoon that the expected agreement would raise wages by an average of 1.5 percent annually over the next two years. There is still some uncertainty about how the agreement would be applied on the local level, though.
TIF represents more than 1,600 companies. According to its figures, the tech sector accounts for half of Finnish exports and 80 percent of private-sector R&D investment. Nearly 280,000 people work in the industry, with indirect employment representing some 30 percent of the nation’s overall workforce.
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