SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

"Shorter working hours not a political issue"

Reduced working hours are not a matter for politics. This is claimed by representatives of the Industrial Employers and Ikem ahead of the autumn's collective bargaining round. They must keep out, says Per Hidesten, CEO of the Industrial Employers.

» Updated: 10 September 2024, 17:46

» Published: 04 September 2024

"Shorter working hours not a political issue"
Photo: Adam Ihse/TT

The question of shortening working hours is not new – but has been given new life and can become highly topical this autumn.

Among other things, after the issue was picked up by the Social Democrats.

For us, it's nothing strange to handle such a question, it has existed for a long time. What's new is that it has become a political question, but it's a question for the labour market, says Per Hidesten.

Several dark clouds

Together with Henrik Stävberg, chief negotiator at Ikem (innovations- and chemical industries), Hidesten called a press conference in central Gothenburg on Wednesday due to the upcoming collective bargaining round. The industrial agreement is guiding for the rest of the labour market.

The two represent a total of 2,250 companies with 160,000 employees in the base and process industries. The future being painted is gloomy, where low growth in productivity, high labour costs, and a chaotic world are worrying companies.

It's not a good situation, says Henrik Stävberg.

"Don't see it at all the same way"

From the counterpart – the trade unions – it has sounded different during the spring and summer. There, it is pointed out that Swedish industrial companies have made large profits in 2023, among other things thanks to a weak Swedish krona that has benefited exports.

We have been forced to handle two severe crises (the coronavirus pandemic and the war in Ukraine) and now the unions have gone out with a picture of there being reasons for upgrading. We don't see it at all the same way, says Per Hidesten.

TT: At the same time, inflation has been pushed down and the Swedish Central Bank has announced further interest rate cuts. Does the economic situation look like it's brightening?

The turnaround is so much further ahead. From the perspective of those we represent, there is a long way to go, says Henrik Stävberg.

The industrial agreement, which is a cooperation agreement between the unions and employers in the industry, was signed on March 18, 1997. The industrial agreement is guiding for the entire labour market.

The current two-year agreement expires on March 31, 2025, and involves a total value of 7.4 percent – 4.1 the first year and 3.3 the second year.

Negotiations between the parties on a new agreement will begin at the turn of the year.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards

Bitcoin closer to the dream limit
1 MIN READ

Bitcoin closer to the dream limit

Higher fee to stop burning of plastic
2 MIN READ

Higher fee to stop burning of plastic