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International Internet Magazine. Baltic States news & analytics Wednesday, 24.04.2019, 23:18

211 Latvian construction companies signed collective agreement on minimum wage

BC, Riga, 04.07.2018.Print version
Collective agreement on minimum wage in construction industry has been signed by more 211 companies so far, whose own account construction works make up EUR 641 million - that is 90% of the minimum amount for the collective agreement to come into force, Latvian Partnership of Building Contractors informed LETA.

"This proves that businessmen support a paradigm shift and want fair competition in the construction industry. At the moment, we are just 10% short of our target, and we are urging the undecided companies to join the collective agreement," said the Building Contractors Partnership's head Baiba Fromane.

For the collective agreement to come into force, it must be signed by companies with the total amount of own account construction works of EUR 713 million.

As reported, the collective agreement on minimum wage in the construction industry was signed by more than 120 companies with own account construction works of EUR 519 million during a forum on fair competition in Latvia's construction industry on May 10.

The collective agreement on minimum wage is the most important reform in the construction industry since the restoration of independence, Fromane told LETA at the time. The work on the collective agreement continued for 2.5 years to agree on the minimum wage level, convince companies of the advantages of the collective agreement, and Fromane hopes that the required number of companies will eventually sign it so the agreement could come into force.

As reported, it is planned that the general collective agreement of the Latvian construction industry will take effect on January 1, 2019. The agreement provides for the minimum monthly wage in the construction sector at EUR 780 and, in case of part-time workers, the minimum hourly wage at EUR 4.67.

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