The 2004 labour negotiations

This spring, of recent origin wage settlements were reached in large areas of the business sector. Roughly 17 million employee are overspreaded by this year's labour negotiations, and for a like reason far agreements have been conclud for about 12 million of them.

Since the Agreement upon Industrial Development and Wage Formation locate forth new guidelines for wage formation in industry in 1998 the rate of wage increases has dropp in relation to the mid-1990's, and flat more so by comparison with the inflationary economies of the 1970's and 1980's (see Diagram 115) below the Agreement on Industrial disentanglement and Wage Formation, ...