According to a report by the Cyprus Labour Institute (INEK), the purchasing power of the average salary is currently 6.8% below 2006 levels, with real wages still on a downward trajectory, As the economy improved from 2015 to 2019 salaries regained much of the lost ground to reach -3.3% compared to 2006, only to be dealt another blow by the COVID-19 pandemic. Recovery has started but purchasing power remains reduced.
Read on: in English.
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.
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