Wages are set to grow with around 4% or a little above, according to data presented at an HR forum in Sofia. According to the data, the services sector has marked the highest salary growth (9%) and, as a whole, the IT and pharmaceutical sectors retain the highest salaries in Bulgaria. Other data revealed that the average monthly wages and salaries in Bulgaria decreased in the third quarter of 2012, compared with the second quarter of 2012, by 0.5%. In comparison with a year earlier, the average monthly wages and salaries in the public sector grew by 5.0%, in the private sector by 10.4%.
English: http://www.novinite.com/view_news.php?id=144750 http://www.novinite.com/view_news.php?id=144968
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Danske Bank says it is responding to a recession and burst housing bubble in its home market. The bank announced job cuts, raising its target for staff eliminations by 1,000 from its previous goal of 2,000 cuts. The reduction will be found through closing bank branches and a greater reliance on automated and online services. Customers will only be able to receive personal consultation `when it is needed'.
English: http://www.irishtimes.com/newspaper/breaking/2012/1030/breaking26.html
http://cphpost.dk/business/danske-bank-cutting-another-1000-jobs
The Labour Force Survey, issued by Statistics Finland, indicated that nearly 187,000 Finns were jobless in September. The figure marks an increase of 0.2% (or 7,000 additional unemployed persons) from the same month in 2011. However, the total number of employed Finns this year was 10,000 higher than last year and September's figure marks a noticeable drop from the 7.3 % unemployment rate recorded in August.
English: http://www.icenews.is/2012/11/01/unemployment-rate-increases-to-7-1-per-cent-in-finland/
DG Economic and Financial Affairs of the European Commission published a report on the European economy with a large section on collective bargaining. According to the EC the changes in collective bargaining structures and wage setting arrangements have been largely supportive of rendering wages more responsive to economic conditions at firm level. Measures taken towards decentralisation of collective bargaining include the ending of national collective bargaining (Romania), applying sectoral collective agreement to signatory parties only (e.g. Romania, Greece), the predominance of firm level/lower level collective agreements over higher levels (e.g. Spain, Greece), new criteria on trade union representativeness (Italy, Romania) and on the validity of company-level agreements (Italy), and the possibility of opting-out from law and national collective agreements (Italy). In addition, wage flexibility has been supported by temporary restrictions to the application of the wage indexation system in Luxembourg and Cyprus. Appendix 1 lists reforms that are `potentially leading to better employment outcomes (henceforth employment-friendly reforms)': decrease of bargaining coverage, reduction of bargaining power of unions, decentralisation and introduction of derogations.
English: http://ec.europa.eu/economy_finance/publications/european_economy ...
Deutsche Bank is to cut 100 more jobs than initially planned from its investment banking arm, despite the division helping raise pre-tax profits in the third quarter. The bank had already indicated in September that job cuts into several thousands were about to come at central and at decentral level. The company concluded in2011 a framework agreement with the unions with a clause that says that there will be no forced dismissals till 2014.
English: http://www.guardian.co.uk/business/2012/oct/30/deutsche-bank-cut-jobs
German: http://www.sueddeutsche.de/wirtschaft/stellenabbau-bei-der-deutschen-bank ...
A recent EIRO review describes the developments in industrial relations and working conditions in 2011 in the EU Member States and Norway, at both national and EU level, with a focus on the economic situation and responses to it. The third chapter of this annual review illustrates developments in industrial relations, in particular collective bargaining levels (at cross-sectoral, sectoral and company levels), changes in the organisation and role of social partners, working time, pay developments, industrial action and company restructuring and other significant developments in the countries covered by the Dublin based organisation.
English: http://www.eurofound.europa.eu/docs/comparative/tn1203020s/tn1203020s.pdf
According to Statistics Finland's Structure of Earnings statistics, in the last quarter of 2011 the average monthly earnings of all full-time wage and salary earners were €3,111 and the median earnings €2,776. The average hourly earnings of wage and salary earners were €18.35 and the median earnings €16.17. Wage and salary earners were best paid in the central government sector where their hourly earnings were €21. 65. In the private sector the average hourly earnings were €18.70 and in the local government sector €16.84. The statistical office provides also tables and figures of earnings by major occupational groups.
English: http://www.artto.kaapeli.fi/unions/T2012/p42
http://www.stat.fi/til/pra/2011/pra_2011_2012-10-19_tie_001_en.html
At first sight it looked as if there would be a split outcome during the autumn negotiations for the metal sector (see the July/August Newsletter), but after 7 weeks of hard separate negotiations with 6 different branch organisations on the employer side the trade unions PRO-GE and GPA-djp reached a uniform agreement on 30 October for the whole metal industry (180,000 workers). The decision to split up in separate branch negotiations, instead of the use of the usual voluntary negotiation body for all branches, made this year's negotiations complicated and the unions see it as a burdensome and inefficient exercise. The collective agreement is valid from 1 October 2012 with a duration of 12 months. Minimum pay increases with 3.4% (to a level of €1,636.35). The remuneration of apprentices has also increased by 3.4%.
English: http://www.industriall-union.org/pay-rise-for-austrian-metalworkers
German: http://www.proge.at/servlet/ContentServer ...
The statistical office has released a short report with figures up to the end of 2010 and data for the 2nd quarter of 2012. Unemployment went down to 2.3% in 2011. Most recent figures show a slight increase of unemployment. Since 2009 the number of workers commuting from Germany, Austria and Switzerland increased with on average 5%.
English: http://www.llv.li/pdf-llv-as-employment_and_income_fliz2012
http://www.llv.li/pdf-llv-p_aktuelle_2012-3
The Statistics Iceland office has come up with 3rd quarter figures on employment. The strengthening of the labour market during the first half of 2012, slackened somewhat during the third quarter. The unemployment rate in the capital region of Reykjavik was 5.5% and 4.1% in other regions. The average number of working hours of those who were working in the reference week was 40.8 hours, 45.2 hours for those in full-time employment and 24.1 hours for those in part-time employment.
English: http://www.statice.is/Pages/444?NewsID=8843