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Statutory minimum wage of 1.000 EUR in Austria

moneyYesterday the leaders of the social partners in Austria came to the agreement of a 1.000 EUR monthly minimum wage in Austria.

20.000 employees in the industry and about 10.000 in free professions are affected.

The president of the Austrian Federal Economic Chamber was not so sure if he should give his agreement. “It was not so easy for us to accept such a minimum wage”, he said after the negotiations.

The new law should come in the beginning of 2009.

The special payments of the 13th and 14th monthly salary are not included in the 1.000 EUR. With both special payments the minimum level of the statutory wage is 1167 EUR monthly.

The new statutory minimum wages per hour amounts 6 EUR.

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