The average salary for employees at the Hotel Group (HG) “Budvanska Rivijera”, the largest hotel company in Montenegro which is primarily state-owned, will be €1,000 by May 1. Additionally, all staff will receive winter bonuses of €600 and another €600 as incentives as the season approaches.

These are among the perks outlined in the new Collective Agreement, presented today during a ceremony to mark its signing by Milorad Dajković, the President of the Trade Union Organization HG “Budvanska Rivijera”.

This Collective Agreement includes a 15 percent wage increase, severance pay for retiring employees, enhanced anniversary awards, one-time cash support for employees’ children starting school, coverage for transportation costs, and assistance for medical treatments.

Alongside Dajković, the Collective Agreement was also endorsed by Mijomir Pejović, the President of the Board of Directors of the “Budvanska Rivijera” Company, and Executive Director Jovan Gregović.

The event was attended by Board member Zdenka Dacić.

Dajković remarked that this is among the best Collective Agreements established within a Montenegrin company, emphasizing that its signing followed a lengthy and complex negotiation process with employer representatives.

“It had to follow this course to craft a mutually acceptable and reasonable agreement. This Collective Agreement is indeed that—a measure of what is achievable and practical at this moment, while still offering considerable benefits to employees,” he stated.

Dajković further explained that this agreement introduces numerous advantages.

“Our retiring colleagues will still receive severance pay equivalent to 10 times the company’s gross average salaries, which is a substantial sum. Each year, employees will get a winter allowance of €600, wages have seen an average increase of 15 percent, jubilee award amounts have been raised, and children of retired employees will receive one-time cash support for school starts, along with transportation and various additional benefits,” he highlighted.

He noted that one of the newly negotiated employee benefits, made possible by the Collective Agreement, is a special healthcare package.

“Employees and their families will have access to a designated annual budget for medical examinations, treatments, and necessary medications. While we couldn’t fulfill every request—it’s an impossible standard—we have accomplished a great deal,” Dajković concluded.

Pejović underscored that, recognizing that the strength of the Hotel Group lies in its people, they take pride in the provisions of the Collective Agreement granting a 15 percent salary increase, winter food allowances, incentive bonuses, and other types of support.

“Special assistance for employees’ families includes financial awards for first-year and full-time students. The Collective Agreement also ensures employee protection in redundancy situations with guaranteed generous severance pay. Through serious negotiation and actions, management and the Trade Union Organization have successfully found a way to safeguard the interests of both parties with this agreement, fostering an environment for improved work quality and efficiency,” Pejović stressed.

Gregović announced that the new Collective Agreement will take effect on May 1.

“The calculated coefficient value has been set, increasing the special salary component from €81 to €147. Furthermore, this new Agreement introduces an additional €1,200 per year in income from winter allowances and other benefits. We’ve notably raised retirement severance pay, jubilee award compensation, increased vacation days, and furthered paid leave days, plus assistance for employees and their families,” Gregović emphasized.

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