Newsletter Database

155 articles found.
Analysis shows that the nominal wage is 10 times higher than 30 years ago under communism. Not on... [more]

Analysis shows that the nominal wage is 10 times higher than 30 years ago under communism. Not only wages but also most prices rose significantly since 1989. The improvement in the standard of living can be measured by comparing the money spent on Christmas shopping. In 1989 this was four times an average wage, in 2019 only slightly over half the average wage. However, many people also become indebted around Christmas which poses a real problem across society.

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After already having laid off 2,000 employees since 2018, new reorganization plans add an extra 9... [more]

After already having laid off 2,000 employees since 2018, new reorganization plans add an extra 900 people redundant. In 2018, Samsung closed down another plant, in Voderady, and moved a part of the production to Hungary. The trade union will try to negotiate good terms for the people involved.

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After unemployment increased slightly to over 5% in September, it dropped in late October to 4.94... [more]

After unemployment increased slightly to over 5% in September, it dropped in late October to 4.94%. In annual terms, it fell by 0.29 percentage points. This drop stands in contrast to reports suggesting an economic slowdown. According to bank analysts, the unemployment rate has been persistently low because the number of available jobs, especially in the west of the country, is still quite high. Unemployment will probably continue to hover around 5% next year.

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The financial sector pays among the highest salaries in the country, but within this sector a hug... [more]

The financial sector pays among the highest salaries in the country, but within this sector a huge gap exists between top management and the more common jobs such as working behind the counter. Employees of UniCreditBank recently came to work wearing badges with the message: ‘strike alert’. Their main aim was to highlight the issues of salary, conditions, overtime and work stress, and to support the unions in their struggle to negotiate a new collective agreement. The reluctance of the bank to increase salaries stands in contrast to their willingness to pay management annual bonuses at 100% of their salary, the trade unions claim.

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The country has the third lowest at risk of poverty and social exclusion rate in the European Uni... [more]

The country has the third lowest at risk of poverty and social exclusion rate in the European Union. Numbers have decreased over the last ten years. Now every sixth person, or a total of 872,000 people, is at risk of poverty or social exclusion. The risk is unevenly distributed among the country. The Prešov Region and Banská Bystrica Region are worse off than the Bratislava Region, where only 7.9% are threatened by poverty.

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Although most employees work in the service sector, industry is the engine driving the economy. C... [more]

Although most employees work in the service sector, industry is the engine driving the economy. Compared to the rest of the EU, Slovakia is one of “the most industrial” countries, an analysis by Poštová Banka showed. Only the Czech Republic has more employees in industry.

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About 700 people have asked the U.S. Steel Košice (USSK) company if they can leave their posts vo... [more]

About 700 people have asked the U.S. Steel Košice (USSK) company if they can leave their posts voluntarily. If so they can – if they have been working for more than 10 years at the steelworks – receive a severance pay equalling 12 times their average monthly wage. With this request the personnel anticipates the company plan to reduce the number of its staff by the end of 2021.

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The Chamber of Commerce and Industry SOPK fully backs the employers organizations’ stance that th... [more]

The Chamber of Commerce and Industry SOPK fully backs the employers organizations’ stance that the minimum wage should be only increased in line with the current legal mechanism. The unions demand a sharper rise but that would threaten the companies’ operations and even existence, thus potentially resulting in mass redundancies. That in turn would endanger social harmony. At the end of August it became clear that social partners couldn’t come to an agreement, hence the Labour Ministry will take a decision.

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The local trade union organisation organised a protest in which more than 1,000 employees demande... [more]

The local trade union organisation organised a protest in which more than 1,000 employees demanded higher tariff salaries. Last April they already declared a strike alert expressing their dissatisfaction with the salary hike negotiations. In response the company’s management points to the worsening situation on the steel market. Although the trade unionists are aware of the difficult situation within the sector, they believe employees deserve adequate salaries.

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IKEA Boards trade union signed their first Collective Bargaining Agreement with the company. At ... [more]

IKEA Boards trade union signed their first Collective Bargaining Agreement with the company. At the end 2018 the trade union took the initiative that was successful after several rounds of negotiations. According to union officials the negotiations were tough they did not get everything they wanted. However the union believes it is crucial is that have established their first collective bargaining agreement and gained experience in negotiating with the management.

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