Collectively agreed nominal pay is the same
or lower in almost all of the countries surveyed in 2014 compared to
2013, according to new research from Eurofound.
However, lower inflation
during the same period resulted in increases in real collectively
agreed pay, confirming the return of growth in real terms which had
begun in 2013. Eurofound’s report Developments in collectively agreed pay 2014 provides insights into collective wage bargaining outcomes in Europe.
This
report describes the developments in collectively agreed pay in the EU
Member States in 2014 and compares them to developments in previous
years, providing an overview of developments since 1999.
It
also provides details about pay indexation mechanisms, central or major
cross-sector agreements and pace-setting agreements that were in effect
in 2014, and a summary of public sector wage developments. Eurofound
has reported on developments in collectively agreed pay across Europe on
an ongoing basis for almost two decades.
Fourteen
countries have information resources enabling nationwide estimation of
collectively agreed pay change. In eight of the 14 countries covered in
the report, the 2014 nominal increases were lower than in 2013. Four
countries saw similar increases in both years. Germany and the UK were
the only countries reporting a considerably higher increase in 2014 than
in 2013, with wage increases growing by 0.4 percentage points and 0.5
points respectively. In many countries, the nominal increases after 2010
tend to be lower than in the previous period. For the period between
2012 and 2014, the collectively agreed wage increases tend to get
smaller in 10 out of the 14 countries.
In
real terms, 12 countries reported positive real wage increases in 2014.
Finland was the only country where collectively agreed pay growth did
not keep up with the growth of prices.
EurWORK’s
‘Collective wage bargaining portal’ provides more data on collectively
agreed pay in six sectors (metalworking, chemical industries, retail,
banking, central public administration and local government).
Read the full report at http://bit.ly/1EplPAB
For further information, contact:
- Måns Mårtensson, Media Manager, on email: mma@eurofound.europa.eu, telephone: +353-1-204 3124, or mobile: +353-876-593 507.
- Karel Fric, Research Officer, on email: kfr@eurofound.europa.eu, and telephone: +353-1-204 3233
The
European Foundation for the Improvement of Living and Working
conditions (Eurofound) is a tripartite European Union Agency, whose role
is to provide knowledge in the area of social and work-related
policies.
Update your contact details and subscription preferences with Eurofound here.
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