Electrical and Electronics Industry Reaches Collective Agreement

The electrical and electronics industry employs approximately 72,500 people as of the end of 2024, with around 60,000 of them covered by the collective agreement.

The negotiators on the employee side, Reinhold Binder and Eva Scherz, stated that the agreement was a result of the employees' determination and solidarity, and that they had to fight for the respect and appreciation they deserved.

Wolfgang Hesoun, the chairman of the FEEI, stated that the primary goal of the employers was to conclude the agreement significantly below the rolling inflation rate, and that this goal was achieved.

Reaction to the Agreement

The agreement is seen as a positive development for the industry, which has been facing challenges due to geopolitical shifts, regulatory uncertainties, and technological disruptions.

The unions had threatened to go on strike if an agreement was not reached, but the negotiations were able to avert this outcome.

The agreement will take effect from May 1, and will include additional benefits such as health days for employees over 40 with more than 20 years of service.

The employers and unions have welcomed the agreement, which is seen as a step forward for the industry and its employees.

Impact on the Industry

The agreement is also seen as a positive development for the economy as a whole, as it will help to maintain stability and predictability in the industry.

The electrical and electronics industry is a significant sector in the economy, and the agreement will have a positive impact on the employees and their families.