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New collective agreement for the employees in the technology industry has been approved

The strikes and overtime ban announced by the Industrial Union have subsided as The Industrial Union and Technology Industry Employers of Finland have approved the negotiation result for the new collective agreement for employees in the technology industry.

The negotiation result was reached last Friday morning in negotiations lead by National Conciliator Anu Sajavaara. Both parties have approved the result during weekend. As a result, the strikes announced by the Industrial Union that would have started on 8 February and 15 February, have subsided. The overtime ban set by the Industrial Union has also been lifted.

The conciliation of the labor disputes concerning salaried and senior salaried employees in the technology industry is still ongoing.

The collective agreement is valid for two years

The collective agreement is valid for two years and it includes salary settlements for both years 2023 and 2024.

The primary premise for the salary settlement is to take into consideration the situation of the companies. The local salary settlement is the preferred option on both contract years. It is possible to agree on the amount, timing and execution of the salary increases in the local negotiations.

Year 2023:

If no local salary settlement is found for year 2023, the employees will be paid a one-time compensation of 400 euros (on average 1 % of earnings of regular working hours) in March 2023. In addition, salaries shall be adjusted no later than on 1 April 2023 or at the start of the pay period beginning soonest thereafter by a general increase of 3,5 %.

Year 2024:

If no local salary settlement is found for year 2024, the salary will be adjusted no later than on 1 February 2024 or at the start of the pay period beginning soonest thereafter by a general increase of 2,0 % and company- or workplace-specific element, amounting to 0,5 %.

Further information:
CEO Jarkko Ruohoniemi, tel. 040 833 9577