In the collective labor agreements concluded last month, wages will rise by an average of 8.2 percent. Although that certainly does not mean that wages will go up for everyone, it is still cause for concern for employers, says employers’ organization AWVN. As a result, companies will cut costs.
Many companies cannot pass on their rising costs. “They will therefore have to cut costs in order to remain competitive.”
May was the sixteenth month in a row in which wage agreements went up. For the collective labor agreements that were extended this year, the counter now stands at an average of 7.3 percent. Not only employers are concerned about rising wages.
Central bank president Klaas Knot also said that there are risks associated with rising salaries. He pointed out that inflation remains high when employers do pass on the higher wage costs.
In May, 38 collective labor agreements were concluded for 170,000 employees. “A total of 204 new collective labor agreements were concluded this year. These apply to 1.7 million employees,” according to the AWVN.
2023-06-12 10:57:28
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