Commercial KV negotiations failed in the 6th round. Employers recommend that companies increase minimum salaries by 8 percent.

2023-12-16 08:02:42

This year there have already been over 1,000 bankruptcies in retail. 32% of domestic trading companies fear that they will have to cut staff in 2024 due to the cost burden.

Vienna (OTS) – The trade association regrets the failure of the trade KV negotiations in the 6th round. The employer side now recommends one to companies Increase in minimum salaries by 8 percent. “Since the union has barely moved on its demands, a deal would have been accompanied by unforeseeable economic risks, which would have caused many more company closures. Retail is by far the industry that is most affected by bankruptcies.”says trade association managing director Rainer Will in a first statement.

As the latest KSV1870 projection shows, there was a lot of trading activity this year 1,003 insolvent companies (+17%) exceeded the thousand mark for the first time in years. More than 6,400 stores had to close this year. According to the trade association’s latest quick survey, 39% of companies will end this year with a loss, while another 35% expect a break-even result at most. And: A third of retailers fear that they will have to cut staff in 2024 due to the cost burden.

+8%: Trade association fully supports recommendation to increase salaries

Against this background, the employers’ side negotiated late into the night yesterday, approaching the union several times – unfortunately without success. You now have to Recommendation 8 percent decided to show their appreciation to the retail employees. “The trade association fully supports this recommendation to increase minimum salaries by 8 percent and thanks the employer negotiators for their tireless commitment. The decision had to be made in this situation in order to sustainably secure jobs to the greatest possible extent beyond the turn of the year.”so Rainer Willthe spokesman for Austrian trade.

Questions & Contact:

Trade Association
Mag. Gerald Kühberger MA
Press spokesman
[phone] – 77
[e-mail]

Mag. Manuel Friedl
Senior Communications Manager
[phone] – 80
[e-mail]
www.handelsverband.at

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