"Lønnsoppgjør" (wage settlement) refers to collective wage negotiations at the national level. This entails negotiations where collective agreements are renegotiated regarding both salary increases and changes to other provisions in the collective agreement. Furthermore, during April, there have been several agreements reached in the wage settlement for 2024 in Norway. How does this affect the minimum wage for your employees and your business?
The following summary outlines the main changes and agreements reached in the wage settlement for 2024 thus far. Please note that negotiations are still ongoing. The changes apply to all members of trade unions or employees working in companies bound by the collective agreement.
The parties agreed on a framework of a 5.2% wage increase.
Once the negotiations are completed, the changes must be finally approved. Subsequently, the regulations regarding minimum wage in sectors such as construction, shipbuilding and maritime industries, and road freight transport will be amended in line with the new rates. If your company is bound by these universally applicable collective agreements, the minimum wage rates must be adjusted when the regulations are finally approved.
Our lawyers have extensive experience in assisting companies with questions and guidance within labor law. If you desire advice or are uncertain whether these changes apply to your business, you are welcome to contact us for a discussion.