The financial sector in the Czech Republic is one where some of the top paying jobs are to be had. But there’s a reverse side to the coin as well with some back office and low level jobs earning relatively poor wages. And that’s one of the main reasons for a strike threat by workers from Czech in the financial sector.
Staff at Czech banks and insurance offices have declared a state of strike
alert over their pay conditions. The OSPPP banking and insurance workers
union announced the move in response to what they say is the unwillingness
of their employers to agree to an acceptable collective agreement.
A spokesperson for the union said protests would be held at individual banks and insurance offices. The OSPPP has around 8,000 members in a sector in which tens of thousands are employed.
Unemployment in the Czech Republic dropped to its lowest point in almost 20
years in October to just 3.6 percent. The result was confirmed in data
released by the Czech Labor Office. In December 1997, the number of people
without work was around 269,000. The amount of those without work in
October this year numbered around 271,000. Meanwhile, the number of
vacancies grew by some 4,000 to 210,000.
The drop in unemployment and rise of vacant positions is particularly significant year-on-year: last October, unemployment stood at five percent and the amount of vacancies was 70,000 fewer.
Female university graduates in the Czech Republic earn an average 29
percent less than their male graduate colleagues, according to a study
commissioned by the Ministry of Labour and Social Affairs. Women who have
completed third-level education are paid an average CZK 15,000 less than
their male counterparts.
The Czech Republic has the second highest gap between pay levels for male and female graduates in the European Union. The average gap across the bloc is 22 percent.
Czech unions have prepared a list of ten requirements for the future
government to fulfill during its mandate. One of the requirements is to
raise the minimum wage to 50 percent of the average wage within the next
four years, the head of the Czech Confederation of Trade Unions Josef
Středula said in a debate on Czech Television on Sunday. According to him,
the unions will present the requirements in the coming days.
The government decided in August to increase the minimum wage by 11 percent to 12,200 crowns as of next year. That should be about 40 percent of the average wage, which reached 29,346 crowns in the second quarter of 2017.
GPs, outpatient specialists and dentists around the country held a symbolic nationwide protest on Tuesday against inadequate financing and excessive bureaucracy that is driving many of them out of business. They warned that the symbolic protest would be followed by a one day strike if the government fails to pay heed.
Unemployment in September dropped to below four percent, in line with analysts’ predictions, the ctk news agency reported. September’s unemployment was 3.9 down from 4 percent in August. According to economist Lukas Kovanda due to the lack of skilled workers more firms are now taking in graduates fresh out of school whereas in the past they demanded work experience. Unemployment had not dropped below 4 percent since October of 2008.