Representatives of employers and industrial unions announced at a press conference in Stockholm on Friday evening that a two-year industrial agreement has been reached, which will serve as a guide for the entire labor market. The agreement stipulates an overall level of 7.4 percent, with an annual increase of 4.1 percent in 2023 and 3.3 percent in 2024. Marie Nilsson, union chairman IF Metall, stated that due to the war and high inflation, there would be no real wage increase in 2023, but wages would increase next year. The agreement also includes a low-wage initiative and provides conditions for future wage increases. Tomas Undin, head of negotiations at Teknikföretagen, expressed satisfaction with the agreement, calling it positive for Swedish industry’s competitiveness.
An agreement has been reached on a two-year industrial agreement that will be a guide for the entire labor market. The level is 7.4 percent. The agreement involves an annual rate of 4.1 percent in 2023 and 3.3 percent in 2024. This was announced by representatives of the employers and industrial unions at a press conference in Stockholm on Friday evening.
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