Czech Post will raise tariff wages by an average of 5% beginning April 1. At the same time, postal employees will receive more valuable 100-crown meal vouchers without contributing more. The company will spend CZK 397.3 million on the wage increase and higher meal vouchers by December, company spokesman Matyáš Vitík said on Wednesday.
Trade unions have accepted the management’s proposal as grossly inadequate. They see it as a first step towards their proposal of a 10 percent wage increase. The two sides agreed that wage negotiations would continue in June because of the company’s economic situation.
Czech Post halved its loss to CZK 681 million the year before last. In the previous year, it posted a loss of CZK 1.37 billion. Operating income rose by CZK 400m to CZK 19.55bn. The state-owned enterprise operates 3,200 branches and employs about 25,000 people. It is entitled to reimbursement from the state for the provision of essential services up to CZK 1.5 billion.