Common use of Increase in average hourly earnings Clause in Contracts

Increase in average hourly earnings. The increase in the average hourly earnings applicable at the time of the increase shall be equal to the wage increase. Wage figures, separate bonuses and monthly compen- sation of chief shop stewards and labour protection delegates before the increase The new job-specific wages, the wages of employees under 18 years of age and students, separate bonuses and monthly com- pensation of chief shop stewards and labour protection delegates under the collective agreement shall take effect only after the date that is separately settled in the collective agreement. These items shall be governed before the said date by the provisions of the collective agreement that expired on 31 October 2017. Survival clause Financial and other dificulties, definition, communication with unions, and a plan Agreement on adjustment of the terms and conditions of emplo- yment must be related to an event of the employer encountering a serious financial or sudden production crisis, which is jointly observed at the workplace during co-determination negotiations or in another context and whose effects – such as avoiding cutting jobs – can be prevented or limited with this measure. To safeguard the employer's operations and jobs, the employer and the chief shop xxxxxxx can notwithstanding the minimum terms and conditions of the collective agreement locally agree on the adjustment of terms of employment concerning wages or other financial benefits, as agreed on below. Other financial be- nefits mean a Saturday bonus, Sunday bonus, shift work bonuses and working conditions bonuses, and the possibility to exchange the holiday for time off. An agreement is made to apply to an enterprise or a part thereof. The wage paid to a employee, however, may not be less than the employee's basic wage. However, the wage guarantee does not pertain to a situation where a postponement of the payment of full wages to a later date is agreed on. Any postponement of the payment date and sum of wages or another monetary item must occur within the framework of the pay security provisions. This provision does not restrict the mutual freedom of contract between the parties to an employment contract or the employer's unilateral right to adjust the terms of employment in line with the law and legal practice. Before any negotiations are launched at the workplace, they must be reported to the parties to the collective agreement. The parties are entitled to assistance from the unions' experts during the definition of the employer's financial difficulties or production-related crisis. The chief shop xxxxxxx and any experts consulted must keep in confidence all information concerning the employer's financial position obtained during the negotiations, in accordance with the employer's statement on the confidentiality of the information. During negotiations on an agreement concerning the adjustment of the terms of employment at the workplace, the employer must openly explain to the chief shop xxxxxxx the company's financial position and its outlook. Also, at the start of the negotiations, the employer must present a plan giving a comprehensive account of the actions taken and planned to revive the enterprise's finances and safeguard its ope- rations. The desired goal is best achieved when it is consistently taken into account in all of the employer's operations. During local negotiations, the parties' joint goals and comments as well as the employer's opportunity to refund payroll expenses saved after the end of the crisis should be added to the plan. Necessary and reasonable aspects of the deterioration of terms of employment in the agreement Adjustments stabilising the employer's finances or production- related crisis and affecting the terms of employment concerning wage or other financial benefits must be deemed necessary, con- sidering the goals of the agreement. Also, any wage reduction and other cuts in the terms of employment concerning financial benefits must be in proportion to the benefits reached with them. The parties are obliged to regularly assess what effect the savings in labour costs have on the employer's financial position. Temporary nature of the measures A local agreement is drawn up, in writing, for the fixed term during which the employer's financial position is anticipated to stabilise, but for no more than one year at a time. A fixed-term agreement can be terminated by observing a two-month period of notice, if there are no longer factual grounds for extending the agreement. Signing the minutes of the Collective Agreement It is noted that minutes on the application of certain wage pro- visions and principles to employees covered by the collective agreement for electrical engineering employees in technology industries, shall be applied as part of the collective agreement, were signed today between the federations. Working groups The federations shall appoint the following working groups: • working group on the follow-up of the increase in working hours according to the Competitiveness Pact • working group on questions of working hours • wage regulations improvement working group • training task force • working group on workplace-specific trials • working group on service and maintenance issues • working group on co-determination and local agreements • working group on external workforce and posted workers • working group for the Work Cycle Carries and Well-being at Work and Productivity projects • working group for the productivity programme. Inspection of the minutes It was agreed that Xxxx-Xxxxx Xxxxxxxxxx, Xxxx Xxxxx and Xxxxx Xxxxxxxx would scrutinise these minutes. In fidem: Xxxxx Xxxxxxxxxx Minutes inspected by: Xxxx-Xxxxx Xxxxxxxxxx Riku Aalto Xxxxx Xxxxxxxx TECHNOLOGY INDUSTRIES OF FINLAND INDUSTRIAL UNION‌‌‌ COLLECTIVE AGREEMENT I GENERAL STIPULATIONS OF THE AGREEMENT

Increase in average hourly earnings. The increase in the average hourly earnings applicable at the time of the increase shall be equal to the wage increase. Wage figures, separate bonuses and monthly compen- sation of chief shop stewards and labour protection delegates before the increase The new job-specific wages, the wages of employees under 18 years of age and students, separate bonuses and monthly com- pensation of chief shop stewards and labour protection delegates under the collective agreement shall take effect only after the date that is separately settled in the collective agreement. These items shall be governed before the said date by the provisions of the collective agreement that expired on 31 October 2017. Survival clause Financial and other dificultiesdifficulties, definition, communication with unions, and a plan Agreement on adjustment of the terms and conditions of emplo- yment must be related to an event of the employer encountering a serious financial or sudden production crisis, which is jointly observed at the workplace during co-determination negotiations or in another context and whose effects – such as avoiding cutting jobs – can be prevented or limited with this measure. To safeguard the employer's operations and jobs, the employer and the chief shop xxxxxxx can notwithstanding the minimum terms and conditions of the collective agreement locally agree on the adjustment of terms of employment concerning wages or other financial benefits, as agreed on below. Other financial be- nefits mean a Saturday bonus, Sunday bonus, shift work bonuses and working conditions bonuses, and the possibility to exchange the holiday for time off. An agreement is made to apply to an enterprise or a part thereof. The wage paid to a employee, however, may not be less than the employee's basic wage. However, the wage guarantee does not pertain to a situation where a postponement of the payment of full wages to a later date is agreed on. Any postponement of the payment date and sum of wages or another monetary item must occur within the framework of the pay security provisions. This provision does not restrict the mutual freedom of contract between the parties to an employment contract or the employer's unilateral right to adjust the terms of employment in line with the law and legal practice. Before any negotiations are launched at the workplace, they must be reported to the parties to the collective agreement. The parties are entitled to assistance from the unions' experts during the definition of the employer's financial difficulties or production-related crisis. The chief shop xxxxxxx and any experts consulted must keep in confidence all information concerning the employer's financial position obtained during the negotiations, in accordance with the employer's statement on the confidentiality of the information. During negotiations on an agreement concerning the adjustment of the terms of employment at the workplace, the employer must openly explain to the chief shop xxxxxxx the company's financial position and its outlook. Also, at the start of the negotiations, the employer must present a plan giving a comprehensive account of the actions taken and planned to revive the enterprise's finances and safeguard its ope- rations. The desired goal is best achieved when it is consistently taken into account in all of the employer's operations. During local negotiations, the parties' joint goals and comments as well as the employer's opportunity to refund payroll expenses saved after the end of the crisis should be added to the plan. Necessary and reasonable aspects of the deterioration of terms of employment in the agreement Adjustments stabilising the employer's finances or production- related crisis and affecting the terms of employment concerning wage or other financial benefits must be deemed necessary, con- sidering the goals of the agreement. Also, any wage reduction and other cuts in the terms of employment concerning financial benefits must be in proportion to the benefits reached with them. The parties are obliged to regularly assess what effect the savings in labour costs have on the employer's financial position. Temporary nature of the measures A local agreement is drawn up, in writing, for the fixed term during which the employer's financial position is anticipated to stabilise, but for no more than one year at a time. A fixed-term agreement can be terminated by observing a two-month period of notice, if there are no longer factual grounds for extending the agreement. Signing the minutes of the Collective Agreement It is noted that minutes on the application of certain wage pro- visions and principles to employees covered by the collective agreement for electrical engineering employees in technology industries, shall be applied as part of the collective agreement, were signed today between the federations. Working groups The federations shall appoint the following working groups: • working group on the follow-up of the increase in working hours according to the Competitiveness Pact • working group on questions of working hours • wage regulations improvement working group • training task force • working group on workplace-specific trials • working group on service and maintenance issues • working group on co-determination and local agreements • working group on external workforce and posted workers • working group for the Work Cycle Carries and Well-being at Work and Productivity projects • working group for the productivity programme. Inspection of the minutes It was agreed that Xxxx-Xxxxx XxxxxxxxxxInkeroinen, Xxxx Xxxxx Riku Aalto and Xxxxx Xxxxxxxx Turja Lehtonen would scrutinise these minutes. In fidem: Xxxxx Xxxxxxxxxx Minutes inspected by: Xxxx-Xxxxx Xxxxxxxxxx Inkeroinen Riku Aalto Xxxxx Xxxxxxxx Turja Lehtonen TECHNOLOGY INDUSTRIES OF FINLAND INDUSTRIAL UNION‌‌‌ UNION COLLECTIVE AGREEMENT I GENERAL STIPULATIONS OF THE AGREEMENT

Increase in average hourly earnings. The increase in the average hourly earnings applicable at the time of the increase shall be equal to the wage increase. Wage figures, separate bonuses and monthly compen- sation of chief shop stewards and labour protection delegates before the increase The new job-specific wages, the wages of employees under 18 years of age and students, separate bonuses and monthly com- pensation of chief shop stewards and labour protection delegates under the collective agreement shall take effect only after the date that is separately settled in the collective agreement. These items shall be governed before the said date by the provisions of the collective agreement that expired on 31 October 2017. Survival clause Financial and other dificulties, definition, communication with unions, and a plan Agreement on adjustment of the terms and conditions of emplo- yment must be related to an event of the employer encountering a serious financial or sudden production crisis, which is jointly observed at the workplace during co-determination negotiations or in another context and whose effects – such as avoiding cutting jobs – can be prevented or limited with this measure. To safeguard the employer's operations and jobs, the employer and the chief shop xxxxxxx can notwithstanding the minimum terms and conditions of the collective agreement locally agree on the adjustment of terms of employment concerning wages or other financial benefits, as agreed on below. Other financial be- nefits mean a Saturday bonus, Sunday bonus, shift work bonuses and working conditions bonuses, and the possibility to exchange the holiday for time off. An agreement is made to apply to an enterprise or a part thereof. The wage paid to a employee, however, may not be less than the employee's basic wage. However, the wage guarantee does not pertain to a situation where a postponement of the payment of full wages to a later date is agreed on. Any postponement of the payment date and sum of wages or another monetary item must occur within the framework of the pay security provisions. This provision does not restrict the mutual freedom of contract between the parties to an employment contract or the employer's unilateral right to adjust the terms of employment in line with the law and legal practice. Before any negotiations are launched at the workplace, they must be reported to the parties to the collective agreement. The parties are entitled to assistance from the unions' experts during the definition of the employer's financial difficulties or production-related crisis. The chief shop xxxxxxx and any experts consulted must keep in confidence all information concerning the employer's financial position obtained during the negotiations, in accordance with the employer's statement on the confidentiality of the information. During negotiations on an agreement concerning the adjustment of the terms of employment at the workplace, the employer must openly explain to the chief shop xxxxxxx the company's financial position and its outlook. Also, at the start of the negotiations, the employer must present a plan giving a comprehensive account of the actions taken and planned to revive the enterprise's finances and safeguard its ope- rations. The desired goal is best achieved when it is consistently taken into account in all of the employer's operations. During local negotiations, the parties' joint goals and comments as well as the employer's opportunity to refund payroll expenses saved after the end of the crisis should be added to the plan. Necessary and reasonable aspects of the deterioration of terms of employment in the agreement Adjustments stabilising the employer's finances or production- related crisis and affecting the terms of employment concerning wage or other financial benefits must be deemed necessary, con- sidering the goals of the agreement. Also, any wage reduction and other cuts in the terms of employment concerning financial benefits must be in proportion to the benefits reached with them. The parties are obliged to regularly assess what effect the savings in labour costs have on the employer's financial position. Temporary nature of the measures A local agreement is drawn up, in writing, for the fixed term during which the employer's financial position is anticipated to stabilise, but for no more than one year at a time. A fixed-term agreement can be terminated by observing a two-month period of notice, if there are no longer factual grounds for extending the agreement. Signing the minutes of the Collective Agreement It is noted that minutes on the application of certain wage pro- visions and principles to employees covered by the collective agreement for electrical engineering employees in technology industries, shall be applied as part of the collective agreement, were signed today between the federations. Working groups The federations shall appoint the following working groups: • working group on the follow-up of the increase in working hours according to the Competitiveness Pact • working group on questions of working hours • wage regulations improvement working group • training task force • working group on workplace-specific trials • working group on service and maintenance issues • working group on co-determination and local agreements • working group on external workforce and posted workers • working group for the Work Cycle Carries and Well-being at Work and Productivity projects • working group for the productivity programme. Inspection of the minutes It was agreed that Xxxx-Xxxxx XxxxxxxxxxInkeroinen, Xxxx Xxxxx Riku Aalto and Xxxxx Xxxxxxxx Turja Lehtonen would scrutinise these minutes. In fidem: Xxxxx Xxxxxxxxxx Minutes inspected by: Xxxx-Xxxxx Xxxxxxxxxx Inkeroinen Riku Aalto Xxxxx Xxxxxxxx Turja Lehtonen TECHNOLOGY INDUSTRIES OF FINLAND INDUSTRIAL UNION‌‌‌ UNION COLLECTIVE AGREEMENT I GENERAL STIPULATIONS OF THE AGREEMENT

Increase in average hourly earnings. The increase in the average hourly earnings applicable at the time of the increase shall be equal to the wage increase. Wage figures, separate bonuses and monthly compen- sation of chief shop stewards and labour protection delegates before the increase The new job-specific wages, the wages of employees under 18 years of age and students, separate bonuses and monthly com- pensation of chief shop stewards and labour protection delegates under the collective agreement shall take effect only after the date that is separately settled in the collective agreement. These items shall be governed before the said date by the provisions of the collective agreement that expired on 31 October 2017. Survival clause Financial and other dificultiesdifficulties, definition, communication with unions, and a plan Agreement on adjustment of the terms and conditions of emplo- yment must be related to an event of the employer encountering a serious financial or sudden production crisis, which is jointly observed at the workplace during co-determination negotiations or in another context and whose effects – such as avoiding cutting jobs – can be prevented or limited with this measure. To safeguard the employer's operations and jobs, the employer and the chief shop xxxxxxx can notwithstanding the minimum terms and conditions of the collective agreement locally agree on the adjustment of terms of employment concerning wages or other financial benefits, as agreed on below. Other financial be- nefits mean a Saturday bonus, Sunday bonus, shift work bonuses and working conditions bonuses, and the possibility to exchange the holiday for time off. An agreement is made to apply to an enterprise or a part thereof. The wage paid to a employee, however, may not be less than the employee's basic wage. However, the wage guarantee does not pertain to a situation where a postponement of the payment of full wages to a later date is agreed on. Any postponement of the payment date and sum of wages or another monetary item must occur within the framework of the pay security provisions. This provision does not restrict the mutual freedom of contract between the parties to an employment contract or the employer's unilateral right to adjust the terms of employment in line with the law and legal practice. Before any negotiations are launched at the workplace, they must be reported to the parties to the collective agreement. The parties are entitled to assistance from the unions' experts during the definition of the employer's financial difficulties or production-related crisis. The chief shop xxxxxxx and any experts consulted must keep in confidence all information concerning the employer's financial position obtained during the negotiations, in accordance with the employer's statement on the confidentiality of the information. During negotiations on an agreement concerning the adjustment of the terms of employment at the workplace, the employer must openly explain to the chief shop xxxxxxx the company's financial position and its outlook. Also, at the start of the negotiations, the employer must present a plan giving a comprehensive account of the actions taken and planned to revive the enterprise's finances and safeguard its ope- rations. The desired goal is best achieved when it is consistently taken into account in all of the employer's operations. During local negotiations, the parties' joint goals and comments as well as the employer's opportunity to refund payroll expenses saved after the end of the crisis should be added to the plan. Necessary and reasonable aspects of the deterioration of terms of employment in the agreement Adjustments stabilising the employer's finances or production- related crisis and affecting the terms of employment concerning wage or other financial benefits must be deemed necessary, con- sidering the goals of the agreement. Also, any wage reduction and other cuts in the terms of employment concerning financial benefits must be in proportion to the benefits reached with them. The parties are obliged to regularly assess what effect the savings in labour costs have on the employer's financial position. Temporary nature of the measures A local agreement is drawn up, in writing, for the fixed term during which the employer's financial position is anticipated to stabilise, but for no more than one year at a time. A fixed-term agreement can be terminated by observing a two-month period of notice, if there are no longer factual grounds for extending the agreement. Signing the minutes of the Collective Agreement It is noted that minutes on the application of certain wage pro- visions and principles to employees covered by the collective agreement for electrical engineering employees in technology industries, shall be applied as part of the collective agreement, were signed today between the federations. Working groups The federations shall appoint the following working groups: • working group on the follow-up of the increase in working hours according to the Competitiveness Pact • working group on questions of working hours • wage regulations improvement working group • training task force • working group on workplace-specific trials • working group on service and maintenance issues • working group on co-determination and local agreements • working group on external workforce and posted workers • working group for the Work Cycle Carries and Well-being at Work and Productivity projects • working group for the productivity programme. Inspection of the minutes It was agreed that Xxxx-Xxxxx XxxxxxxxxxInkeroinen, Xxxx Xxxxx Riku Aalto and Xxxxx Xxxxxxxx Turja Lehtonen would scrutinise these minutes. In fidem: Xxxxx Xxxxxxxxxx Minutes inspected by: Xxxx-Xxxxx Xxxxxxxxxx Inkeroinen Riku Aalto Xxxxx Xxxxxxxx Turja Lehtonen TECHNOLOGY INDUSTRIES OF FINLAND INDUSTRIAL UNION‌‌‌ COLLECTIVE AGREEMENT I GENERAL STIPULATIONS OF THE AGREEMENT