Finland: Industrial Union approves agreement, ending labour dispute. The agreement will grant technology industry workers a total wage increase of 7.8 percent over three years.

https://yle.fi/a/74-20145394Open link View original on lemmy.world

Is it just me, or does this agreement sound like weak sauce? 8% over 3 years? That's barely keeping up with 'ideal' inflation let alone if it jumps again.

Is this on top of a COLA clause or something?

sunzu2 reply

thebrainbin.org

mumblerfish

lemmy.world

I only get this

In 2025 the general wage increases will be 2.1 percent plus 0.4 percent distributed by employers. That will rise again to a general increase of 2.3 percent plus 0.6 percent distributed by employers in 2026. The final year of 2027 will see a 2 percent general increase plus 0.4 percent distributed by employers.

To be 7.6% (7.58%) at best. With 6.5% being the baseline, the rest being up to the empoyer (the rest probably going mostly to middle management to ensure loyalty)