SEIFSA is pleased to announce that the industry’s annual wage increases effective from 1 July 2016 have been finalised in accordance with the wage model agreed with the trade unions in 2014. The increases range from 7% at Rate A to 10% at Rate H. SEIFSA is pleased to report that there are no further changes to employment conditions for this third year of the three-year agreement and that all other terms and conditions of employment remain unchanged.

The wage increases detailed in Appendix A must be implemented by all companies from 1 July 2016. The General Wage Increases table, which is also part of Appendix A. All other wage tables and the Management Brief regarding the 1 July 2016 wage increases and the Wage Exemption Guidelines can be obtained on the Main Agreement Portal.