Wage agreement in the industrial sector gives wage increases and a strengthened pension

The agreement that has been entered into between the unions and employers within the industrial sector is a two-year agreement valid between the 1st of April 2023 until the 31st of March 2025. The wage formation mark (in Swedish “märket”) is set at 4,1 per cent during the first year and 3,3 per cent during the second year. Increased pension premiums corresponding to 0,2 per cent each year to the part-time/flex pension systems are included in the wage formation mark.

The wage level of the agreement – a yearly average of 3,7 per cent during two agreement years – are the highest levels since the wage formation mark within the industry was introduced in 1997.

– This is an agreement that we can be happy with given the tough conditions. Already during the next year, we have hopes to return to real wage increases, says Ulrika Lindstrand, Union President at Sveriges Ingenjörer.

Since the start of Industriavtalet in the year 1997, the agreement has led to large increases of the real wages in Sweden. It has been a long-term and beneficial development for employees, which is why the unions have been ready to defend the agreement’s model and terms.

In the local negotiations that await at the engineers’ workplaces, the exact wage level increases shall be negotiated while taking into consideration the local conditions. Thereafter, the salary discussions are carried out where the salary is set based on the individual’s performance.