Luxembourg - Wage indexation again postponed - February 29, 2016

The next indexation of wages and pensions (see the January Newsletter) could be pushed back to 2017, after the statistical office STATEC reviewed its forecasts for 2016. According to its latest forecasts, inflation is expected to reach 0.2 percent in 2016, because of the ‘collapse of oil prices’ and 1.6 percent in 2017. Statec made a high and a low scenario for the future oil price and inflation. According to the high scenario, the next indexation would fall in the fourth quarter of 2016 while a further decline in oil prices would postpone indexation in the second quarter of 2017.

English: http://www.wort.lu/en/business/inflation-luxembourg-s-next-index-wage-rise … 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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