Austria - New agreement for financial sector - March 31, 2024

In the second round of negotiations, the trade union GPA and employers concluded a new collective agreement for the financial sector. From 1 April 2024, the gross salary of the approximately 67,000 employees in the financial sector will increase by 7.25% in addition to a fixed sum of € 37.50. This brings the total average increase of pay to 8.3%. Apprentices’ pay rises by 9%. The negotiations were based on an annual inflation rate of 7.8%.

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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.