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Home NATIONALLabour market leaders agreed on wage solution
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Sat, 31 Aug, 2013 12:25:45 AM
PM, FM thank social organisations leaders
It will put positive impact on job creation: Katainen
FTimes-STT Report, August 31
The leaders of labour organisations on Friday signed the wage market solution at a meeting held in Helsinki in the afternoon. Photo - Lehtikuva.
The leaders of social organisations after a long negotiation on Friday reached an agreement for solution to increasing of wages in the next two years.
The leaders at a meeting held in Helsinki in the afternoon reached the agreement of increasing the wage by EUR 20 per month and 2.5 per cent after one year, meeting sources said.
The meeting also agreed on keeping an option for extending the deal for a third year, said sources.
Meanwhile, the Prime Minister, Jyrki Katainen and Finance Minister Jutta Urpilainen  thanked the labour market organization leaders for settling down the wage issue and viewed that it would put a positive impact on the economy.
Katainen said that the solution would strengthen the domestic demand and believed that it would also put a positive impact in creating job opportunity.
“The government is ready to support the labour market solution, if it is comprehensive enough,” said the Prime Minister, although he did not specify the meaning of the terms  “comprehensive enough”.
Prime Minister, Jyrki Katainen and Finance Minister Jutta Urpilainen. Photo - Lehtikuva.
Finance Minister Jutta Urpilainen also appreciated the labour market leaders for upholding the common interest of the country rather than their self interest.
Earlier, on March 17, Prime Minister Jyrki Katainen  said that the government was maintaining secrecy regarding the development of labour market wage solution until a successful decision is made by the social organizations.
He said that the secrecy would help the social organizations, who are supposed to prepare a proposal and place it before the government prior to the budget session.
Earlier, the Board of Directors observed that an amicable solution of the negotiation is being considered by the social organization to reach a decision.
The decision was expected to be taken based on the spending cuts and tax increase.
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