BGN 400 Minimum Monthly Wage Set in Bulgaria's Metallurgical Industry
The minimum monthly salary in Bulgaria's metallurgy sector has been increased from BGN 350 to BGN 400, according to a new collective labor contract signed Thursday.
The 14.3% monthly salary increase for the metallurgy sector together with increases of food allowances (12.5% increase) and additional pay for night shifts (20% increase) were sealed by the metallurgy unions of the two major Bulgarian syndicates, the Confederation of Independent Bulgarian Syndicates KNSB and the Podkrepa Labor Confederation, and the business sector represented by the Bulgarian Association of Metallurgical Industry.
The new collective labor contract was signed in the presence of Labor Minister Totyu Mladenov.
The universal minimum monthly salary in Bulgaria at present is BGN 240, and Mladenov has been urging its increase to BGN 270.
In a joint statement, the business owners and the unions in metallurgy sector have praised their long-standing cooperation pointing out that the Bulgarian metallurgical workers have been without a collective labor contract in the period after 1989.
The new metallurgical collective labor contract is unique with the fact that it also features commitments on part of both the employers and syndicates. It further provides for investments in education and human capital.
The contract was facilitated by the newly founded Sector Consultative Council for evaluating the competence of the work force in metallurgy.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgarian Exports to Romania Increase by over 40%
- » Bulgaria: Over 31% Jump in Electricity Production in November 2022
- » Bulgaria is the Third Importer of Turkish Tomatoes in the World
- » Egg Producers in Bulgaria expect their Price to Continue to Rise
- » Bulgarian State Support Saved Hundreds of Farms after the Effects of the War in Ukraine
- » Why Are Online Casinos so Successful in the UK