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NXP placates workers with over 2.5% wage increase deal

Posted: 14 Mar 2014  Print Version  Bookmark and Share

Keywords:NXP  wage  unions 

NXP Semiconductors NV strikes a deal with trade unions involving a 2.5 per cent immediate pay increase, plus another lesser increase by 2015.

The agreement is believed to have prevented another demonstration that was scheduled for March 12. The first strike, which lasted two hours, happened on February 25 following the stalled wage negotiations concerning more than 450 employees at a wafer fab in Nijmegen.

A statement from NXP said: "Among other things, a collective salary increase of 2.5 per cent effective March 1, 2014 and a 1.75 per cent increase January 1, 2015 for employees up to grade 70 were agreed. Starting in 2015 for grade 80 and 90 the collective increase will not be applicable. The salary increase for the higher grades will be based on the employees' contribution and position in the salary range."

Previously NXP had said 2.25 per cent was its limit for the collective pay rise agreement.

The statement continued: "Furthermore the unions and NXP in principle agreed that the bonus scheme for grades up to 45 will be converted to 1 per cent fixed salary [increase] by September 1, 2014. NXP also offered the unions to still collectively opt for the new NXP global bonus plan instead before May 1 after they have consulted their members on this topic."

"Beside the topics above, the negotiation result addresses the adjustments of salary grades based on market data rather than a collective increase, a one per cent increase of the employee contribution for the pension plan and the establishment of a training and development budget to support employees and strengthen their employability."

A spokesperson for NXP said that the trade unions will consult their members on the deal over the next two weeks.

- Peter Clarke
  EE Times Europe





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