Wages grew by about 5% year-on-year in the fourth quarter of 2021, but in real terms employees felt a slight decline in purchasing power as inflation rose by about 6% over the same period. According to an analyst of the news agency CTK, given the current build-up of inflation risks, there is a great danger that there will be another decline in real wages this year.
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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.
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