Dutch wage growth will weaken further to 5 3 in January

Mondo Finance Updated on 2024-02-06

The increase in average wages in the Netherlands has weakened again this year, with wages in January **53%, an increase of 6 in December last year8%。

Dutch companies signed 16 collective labour agreements for 180,000 employees this month, according to provisional data from the employers' association AWVN. The fastest wages are in the paper industry, education, chemical industry, and catering industry.

Our monthly data often fluctuates widely, with only 16 collective labour agreements signed this month," a spokesperson for AWVN said, "yet we are still seeing a downward trend in wage increases: from nearly 8% in June last year to just over 5% now." ”

In the January agreement, we saw a significant number of collective labour agreements that had previously seen very large increases, which led to a slight decrease in the level of wage increases this time," the spokesperson explained.

A number of collective labor agreements will be concluded in the near future, including the collective labor agreement of **. "*There is almost always a slight lag behind in terms of the dynamics of collective labour agreements, and we would not be surprised if** the agreement causes upward fluctuations in the level of wage increases in the near future. ”

Purchasing power is under pressure.

Last year, employers had to pay a lot of labor fees. Due to high inflation, the purchasing power of people in various industries and enterprises has been under pressure for a long time. Employees struggle to pay their energy bills or have financial problems at the end of the month.

Last year, the average wage increase was 71%, the largest increase in at least four decades.

This article is compiled by the Sino-Dutch Business Daily, **Please indicate the source!

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