“We are optimistic that these agreements in principle will send a strong signal that Victoria is the place of construction and construction and will help promote investment and employment at a time when it needs it most,” Casson said. And while the agreement provides for a lower wage increase than in previous stores, the average annual wage increase over the life of the agreement is even higher than the wage increases Australia has seen in recent years. “The recent Agreement for the Victorian Branch Scheme of the CFMEU is marketed by the union as a good deal for businesses and employees. In fact, it`s not fair either. The agreement provides for a doubling of contributions to Incolink, a fund created to give workers redundancy rights. The implementation of appropriate regulatory standards for funds such as Incolink for the protection of workers and businesses is long overdue,” Innes Willox, managing director of the Australian Industry Group, said today. Under an agreement negotiated between the major contractors, the Victorian Master Builders Association and the Union, workers receive an average wage increase of 1.68 per cent in the first year of the agreement and then about 3 per cent per year for the remainder of the four-year contract. However, this will only be marginal assistance for the costs of the Andrews government`s mega-projects, with civil infrastructure workers such as highways and rail generally not under the agreement. Workers in large commercial projects such as office towers, schools and hospitals are included in the model agreement which establishes cross-sector standards but conducts negotiations between the various companies and their workers. “You just can`t afford to pay for that anymore,” Ritchie said.
He congratulated the builders for the deal, but said: “The devil will be in the detail of what is hidden in the penalties and allowances in this agreement, all of which together make construction in Victoria extremely expensive than it should be.” “The Royal Union`s Royal Commission on Governance and Corruption examined incolink the following legal problems within the legal framework of these funds: in NSW, the CFMEU was still targeting 5% annual salary increases for its members during the June pandemic. The union protects and improves the salaries and conditions of MPs. Our successful tariff campaigns continue to ensure fair wages and better conditions, such as over-starvation, rental pay, severance pay and income protection. In 2000, this branch of the CFMEU won the 36-hour week and gave workers 26 days of paid leave per year. The Victorian CFMEU has agreed to reduce annual wage increases for construction workers over the next four years, a sign of the serious economic headwinds facing the sector. In addition to raising wages, the Victorian agreement will also contain specific provisions for small projects to promote part-time work and make construction sites more inclusive for women. “These days, millions of dollars a year go through Incolink and end up in the bank accounts of CFMEU and other organizations represented on Incolink`s board of directors.