Slovakia - Real wages decrease by 4% - December 31, 2022

The monthly wage has been decreasing in real terms for the third quarter. According to the Statistical Office, real wages decreased due to high inflation by 4% in the 3rd quarter. Even double-digit increases in average gross wages in some sectors could not compensate for the record price increases. The real wage decreased year-on-year in all 19 monitored sectors of the economy. The average nominal monthly wage of an employee during the 3rd quarter of 2022 increased by 9.4% year-on-year to € 1,296. Despite relatively fast growth, wages did not keep up with the rate of inflation, and the average real wage dropped by 4% year-on-year.

Read on: in Slovakian…

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.

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