Annual Wage Increases Details of the industry wage increases effective from 1 July 2010 Posted on 09 June 2010
METAL INDUSTRY WAGE INCREASES
SEIFSA is pleased to announce that the industry’s annual wage increases effective from 1 July 2010 have been finalised in accordance with the wage model agreed with the trade unions in 2008. The increases range from 7.1% at Rate A to 8.1% at Rate H. There are no further changes to employment conditions.
The agreed increases for all grades and sectors have been calculated by reference to the following wage model:
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“The April 2010 (year-on-year) CPIX equivalent index, i.e. CPI OER (excluding owners' equivalent rent) for Rates A to H or the gazetted rates, whichever is the greater (i.e. of 7.1% to 8.1% for Rates A to H respectively).”
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Because the CPI OER figure for April 2010 was 4.9%, the agreed minimum increases of 7.1% to 8.1% for Rates A to H have been applied.
Read the full Annual Wage Increases article here..
APPLYING FOR EXEMPTION FROM THE MAIN AGREEMENT WAGE INCREASES EFFECTIVE ON 1 JULY 2010
Read more about applying for exemption here..
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