Union leader Stefan Löfven. Photo: Anders Wiklund/Scanpix.
industry

Stormy wage negotiations ahead?

Top union official Stefan Löfven has hit out at "fat cat" bonuses in industry and has warned that unless company directors show a little more caution in their salary deals there could be problems in the upcoming wage negotiations between unions and employers.

Löfven, who is head of the Metal Workers' Union IF Metall and tipped to take over as new head of the blue-collar Trades Union Congress (LO) next year, told news agency TT that workers' patience is running out, saying it is now pay-back time for workers lower down the pay scale.

He says many are unhappy at the huge bonuses being paid out to managers while they themselves have seen pay rises of on average just 1.9 percent over the past year. This time round they will demand more in wage negotiations he says, which could lead to wage rise demands of around four percent in order to take rising inflation into account. That would be the highest demand for over fifteen years, TT reports.

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