A new collective agreement for senior salaried employees was concluded

Technology Industries of Finland and the Federation of Professional and Managerial Staff YTN have today (Thursday) accepted the settlement that was negotiated last week. The negotiated settlement covers approximately 61,000 senior salaried employees.

Under the agreement, the primary objective is that pay adjustments are agreed locally while taking into account the company’s circumstances. If agreeing on a local salary settlement fails, salaries will be adjusted in accordance with the so-called fallback clause of the collective agreement.

In accordance with the general policies agreed for the labour markets, the total increase agreed in the fallback clauses is 3.3.% for the 25-month agreement period. The schedule for the increases is as follows:

In the first agreement year, a general pay increase of 1.3% will be applied by 1 March 2020. In the second agreement year, salaries will be adjusted with a 1.2% general increase no later than on 1 February 2021, in addition to which a company or workplace-specific increase of 0.8% will be used for salary increases on 1 February 2021.

The issue concerning the hours included in the Competitiveness Pact was resolved in the agreement so that going forward, the employer may assign 16 hours of additional work to senior salaried employees. However, the hours may not be scheduled for weekday holidays or for the Saturday of such weeks. In addition, in certain cases, the employer may schedule one training day (8 h) for a day off. The basic salary with no additional compensation or increases is paid for all such hours. In addition, working time can be extended through local bargaining.

“The settlement is a compromise that was agreed as a result of a long negotiation process. The positive thing is that it enables the necessary working hours to be maintained and ensures competitiveness. The working time agreement was customised to fit the personnel group in question,” says Jarkko Ruohoniemi, Director, Industrial Relations, Technology Industries of Finland.

Further information:

Jarkko Ruohoniemi, Director, Industrial Relations, tel. +358 (0)40 833 9577