Telekom Austria staff in Austria get 2.63 pct pay rise

VIENNA Fri Dec 7, 2012 7:13am EST

VIENNA Dec 7 (Reuters) - Telekom Austria's staff in Austria will get average pay rises of 2.63 percent in 2013 under a collective bargaining agreement, the company said on Friday.

"Salaries of employees and civil servants of Telekom Austria Group in Austria will increase by 2.63 percent. The collective bargaining is based on the inflation rate, which amounts to 2.63 percent for the period observed," it said in a statement. (Reporting by Michael Shields)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.