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Estonian timber workers request minimum wage hike

03.05.2011

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Workers in the Estonian timber industry and other sectors across the country have called for a rise in the national minimum wage.

Trade unions have requested the increase due to the spiralling rate of inflation, Bloomberg reports.

Employees want to see a 17 per cent fluctuation in the minimum wage from July 2011, after union leaders suggested Estonia has one of the most prominent emerging economies in Europe and the pay structure should reflect this better.

The Confederation of Estonian Trade Unions wants a minimum gross wage of €325 (£292) per month, as opposed to the current rate of €278.

"Estonia, as a nation with one of the fastest growth rates, has been left in a rather embarrassing position," chairman Harri Taliga was reported as saying.

"Only three European countries, Lithuania, Romania and Bulgaria, pay lower minimum wages than we do."

Indeed, Estonia's economy has been surging in recent times, thanks largely to the timber industry and Ernst & Jones recently told ERR News that the Baltic country could have the fastest growing market in the eurozone over the next five years.

This news item is brought to you by KMS Baltics in conjunction with Fest-Forest and EST KINNISVARA. Baltic forestry and property specialists

Click here to find out more about Timber Investment with us http://www.kms.ee/index.php?page=75& or call us on 00441668 213693ADNFCR-731-ID-800517851-ADNFCR

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