Estonia -First real wage growth in 2.5 years -November 25, 2011

Having declined for 11 straight quarters, real wages finally began showing growth in the third quarter 2011, even though the average monthly salary decreased compared to the previous quarter. Real wages grew by a modest 1.2% in the third quarter compared to the same period in 2010, according to Statistics Estonia. Most analysts had predicted a rise in purchasing power, but pay adjusted for inflation was still at a 1% decline in the second quarter. Hourly wages not adjusted for inflation increased by 4.7% compared to 6.6% for the average monthly salary since last year.

English: http://www.news.err.ee/economy/996fa495-262f-4785-9b5c-ed764b4e1e0f

 

This article was published in the Collective Bargaining Newsletter. It aims to facilitate information exchange between trade unions and to support the work of ETUC's collective bargaining committee. For more information, please contact the editor Maarten van Klaveren, Amsterdam Institute for Advanced Labour Studies (AIAS) M.vanKlaveren@uva.nl. or the communications officer of the ETUI, Mariya Nikolova mnikolova@etui.org. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net. © ETUI aisbl, Brussels 2011.


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