Central agreement negotiated
The three trade union confederations SAK, STTK and Akava reached a central agreement on wages and salaries with the employers’ organisations at the end of August. The agreement includes two increases in pay with a flat rate rise of €20 beginning four months after the agreement is valid and a 0.4% increase a year later. The agreement runs for two years with an option to extend it for a third year. This will be decided in June 2015, after the parliamentary elections in April 2015 and the formation of a new government. To support the settlement the Government has promised to cut income tax by 1.5