Poste Italiane renews labour agreement

Italian state-owned postal services company Poste Italiane has renewed the collective labour agreement of its employees for the period 2005 to 2006, it was reported on March 25, 2005.

The renewal of the contract envisages an increase of the salary with an average 80 euro (USD103. 28). The salary increase will be carried out in three tranches. The fist tranche will be of 29 euro, payable in May 2005, while the second and third will be of 22 euro (USD28. 40) and 29 euro (USD37. 44), payable in March and October 2006, respectively.

The contract also includes a one-time bonus of 150 euro (USD193. 65).

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