The ninth round of negotiation bore fruit as the GPA union and the UBIT trade association, which represents management consulting, accounting and information technology sectors, reached a consensus on a collective agreement for the 90,000 employees that make up the IT industry.
As per the joint release made by GPA and UBIT, the KV minimum salaries are set to increase retroactively from January 1, 2024 by 7.8 percent. Moreover, the actual salary amount will experience an increase by 7.25 percent by July 1, 2024 at the latest, with the minimum amount pegged at 175 euros. In addition, apprentices will receive a pay hike between 8 and 9 percent.
The parameters for the year 2025 have already been defined. In accordance with these, there will be an increase in 2025 that will be 0.65 percent above the annual inflation. The minimum salaries will see an increment next year that will be 0.15 percent above the inflation rate.
Before the commencement of the ninth round of negotiations, the union had issued threats of strikes. This was in response to the employers’ offer of a 6.76 percent increase in the actual salary amount, which was below the underlying inflation rate of 7.75 percent.
On Friday, both employers and employees described the agreement as a “sustainable compromise under very difficult conditions”.
