Minimum wage increases agreed

The EIRO industrial relations observatory reports that the government and social partners have agreed new minimum wage rates including a new three-tier minimum wage system. For 2006 the government has recommended a 10.5% increase to HUF 63,000 (254 euros). The second rate for jobs requiring a vocational qualification will be 10% higher at HUF 70,000 and the third minimum wage rate will be another 10% higher at HUF 77,000 for jobs requiring a degree. The Ministry of Finance has also indicated the level of minimum wages up to 2010, with the lowest rising to 90,000. Union targets for the minimum are 60% of the average which is HUF 78,200 in 2006. [Read more at > EIRO->]

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