Estonian Wage Increase Reflect Upward Trend for 2011

Estonia shows concrete signs of an up turn as two state owned giants agreed to wage increases.

Estonia Railways, who have recently signed a cooperation agreement with global Chinese Logistic company Sinotrans Shipping, agreed with trade unions to increase their bonus rate to 7% and, due to lay offs last year, to raise monies paid to railway employees who’s work load has increased as a consequence.

Mining subsidiary of Eesti Energia, Eesti Energia Kaevandused has recently signed a two year agreement to increase wages; 5% for piece work and 11% for time-work. Eesti Energia Kaevanduseds main activity is oil-shale mining in the north-east of Estonia. Last year, 2010, the company mined 17 million tonnes, 3 million more than in 2009, which was all the more remarkable as the company currently employs around 3,000 people, the last time a equivalent amount of oil-shale was mined was in 1992 when the company employed approximately 9,000 workers!

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