Read news from:
Austria
SHARE
COPY LINK
PRESENTED BY AKADEMIKERNAS A-KASSA AND SACO

VIDEO: Five top tips on how to maximize your Swedish career

There are many benefits when it comes to working in Sweden. Make sure you're not missing out on them.

Published: 20 March 2018 10:53 CET
Updated: 21 May 2018 09:07 CEST
VIDEO: Five top tips on how to maximize your Swedish career
Annika Creutzer is one of Sweden’s leading financial journalists and an economics advisor.

But how do you know you're missing out if you don't know what's available to begin with?

Just one example is all the extra perks you get when you work somewhere with a collective agreement. From guaranteed pension contributions to additional parental benefit, a collective agreement can mean the difference of many hundreds of thousands of kronor throughout your working life.

Find out how to 'work the Swedish way'

The Local has teamed up with Saco and Akademikernas a-kassa to shed some light on the famous 'Swedish model' and its many benefits. Watch the video below for five tips from leading financial journalist and economics advisor Annika Creutzer to help you get the most out of your working life in Sweden.

This article was produced by The Local Client Studio and sponsored by Saco & Akademikernas a-kassa.

WORKING IN GERMANY

German steelworkers agree 6.5 percent pay hike after strike

Tens of thousands of steel workers in western Germany will get a 6.5-percent pay hike this year - the biggest jump in three decades - in a settlement that could set the tone for industry as inflation soars.

Published: 15 June 2022 12:37 CEST
German steelworkers agree 6.5 percent pay hike after strike

The agreed increase would come into effect “from August 1st”, the IG Metall union in the region of North Rhine-Westphalia said in a statement Wednesday.

The 68,000 steelworkers in the industrial region would also receive a one-off payment of 500 euros for the months of June and July, the union said.

The outcome of the negotiations was “the biggest increase in wages in the steel industry in percentage terms in 30 years,” said IG Metall boss, Joerg Hofmann.

Germany’s largest union, IG Metall launched a strike action at steelworks in the west in May after management failed to meet its demands for an 8.2 percent pay increase.

On Thursday at the peak of the movement, around 16,000 workers across 50 firms downed tools, the union said.

READ ALSO: Should foreign workers join a German union?

“Rising inflation” and the “good economic situation” of the steel industry were the basis for IG Metall’s demands.

Consumer prices rose at a 7.9-percent rate in Germany in May, a record for the country since reunification in 1990 driven by the outbreak of the war in Ukraine.

The smaller number of steelworkers in the east of Germany, who are also seeking an 8.2 percent pay boost, have yet to reach their own agreement.

Negotiations are currently taking place in a number of sectors. In the textile industry, 12,000 workers in the east of Germany sealed a 5.6 percent pay increase at the beginning of May.

Meanwhile, negotiations covering the auto industry, and mechanical and electrical engineering will begin in November.

Despite the agreed rise the onus was still on government to relieve the pressure on workers form rising prices “in the coming months”, IG Metall boss Hofmann said.

Significant wage demands have prompted concerns of a wage-price spiral, where rising pay sustains higher inflation.

The European Central Bank last week said it would raise its interest rates for the first time in over a decade this July as it seeks to stamp out price rises.

SHOW COMMENTS