According to the Central Statistical Office (KSH), year-on-year wage growth slowed to 3.5% in June from 8.2% in the previous month, which is below the inflation rate. The data for businesses and institutions with at least five people on the payroll show the average gross monthly wage for full-time employees stood at HUF 436,300 (EUR 1,300). The average net wage was HUF 290,200 (EUR 831). The gross median wage was HUF 350,000 (EUR 1,001). Real wages declined by 1.7% in June.
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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.