All articles tagged with #wage deal
Samsung Electronics' labor union postponed a planned strike after reaching a last-minute wage agreement with management during government-mediated talks in Sejong, with the deal reportedly focusing on higher bonuses and removing bonus caps.
The German government, local authorities, and trade unions have agreed on a wage deal for the country's 2.5 million public-sector workers, avoiding the possibility of indefinite strikes. The deal includes tax-free one-time payments and a 5.5 percent salary increase, with a minimum increase of €340. The agreement runs for 24 months and is largely based on a proposal by arbitrators. Municipalities fear the deal may pose new financial challenges for them. Ver.di had initially asked for a 10.5 percent raise and at least €500 more pay over a twelve-month period.
Canada's Public Service Alliance of Canada (PSAC) union has set a deadline of 9 p.m. ET on Tuesday for a wage deal with the federal government, or 155,000 public workers will go on strike at midnight on Wednesday. The strike would affect federal services and could delay tax refunds since about 35,000 workers at the revenue agency would walk out in the middle of tax filing season. Passport renewals ahead of summer travel could also be delayed.