Sweden's industrial workers set for pay hike
Sweden's industrial workers set for pay hike
Workers in Sweden's industrial sector earned a 6.8-percent raise in wages on Tuesday, agreeing to a new collective wage deal following a lengthy set of negotiations.
Sweden's industrial sector, which boasts half a million workers, will see salaries raised by 6.8 percent over a three-year period following negotiations that stretched into last week.
The agreement was reached between the Teknikföretagen employers group and several union groups, including the IF Metall, Unionen, and the Swedish Association of Graduate Engineers (Sveriges Ingenjörer).
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According to a statement from the organization, the new deal allows more flexibility in setting working hours, better and simpler overtime rules, as well as part-time pensions that will allow workers to stay on the job later in life and facilitate the ongoing generation shift among Sweden's industrial workers.
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