Collective bargaining agreement

Union gets 3 percent wage increase

Three unions and an engineering company's employers' association have come to terms on the country's fist collective bargaining agreement for 2012. The deal gives workers a 3 percent wage increase over 14 months.

The agreement impacts 300,000 workers within the three unions, Unionen, IF Metall, and the Swedish Association of Graduate Engineers. The agreement will cost employers 2.6 percent annually.

Cecilia Fahlberg, the head of Unionen, says she's happy with the agreement. "A three percent wage increase has been important for us and now we finally got it from the first of February," she says.

But Anders Weihe, from the Engineering Employers' Union, says he's not satisfied. "I think it's a relatively expensive agreement but on the other hand we've agreed and that's better than not agreeing at all," he says.