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

» 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

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street

Billion Fines for American Express
1 MIN READ

Billion Fines for American Express

Adviser: Trump wants to save Tiktok
3 MIN READ

Adviser: Trump wants to save Tiktok

Employers want to stop Israel blockade
1 MIN READ

Employers want to stop Israel blockade

Crisis for Vapiano – Applies for Reconstruction
1 MIN READ

Crisis for Vapiano – Applies for Reconstruction

Lagerhaus Applies for Reconstruction
1 MIN READ

Lagerhaus Applies for Reconstruction

Kristersson wants to act against Chinese online companies
1 MIN READ

Kristersson wants to act against Chinese online companies

Nintendo shows the successor to Switch
1 MIN READ

Nintendo shows the successor to Switch

Unexpectedly weak growth for US retail sales
1 MIN READ

Unexpectedly weak growth for US retail sales

New - smaller model - to boost Polestar
1 MIN READ

New - smaller model - to boost Polestar

New strength signals from the US banking sector
2 MIN READ

New strength signals from the US banking sector

Court Approves Plantagen's Reconstruction
1 MIN READ

Court Approves Plantagen's Reconstruction

Hitachi invests in Piteå – 100 new jobs
1 MIN READ

Hitachi invests in Piteå – 100 new jobs

Increased Probability of Interest Rate Cut
1 MIN READ

Increased Probability of Interest Rate Cut

Mass Layoffs at Oil Giant
1 MIN READ

Mass Layoffs at Oil Giant

Northvolt gets reprieve from US court
2 MIN READ

Northvolt gets reprieve from US court

Proposals for new electricity areas delayed
1 MIN READ

Proposals for new electricity areas delayed