Research by a think tank suggests that the gap between the pay of company executives and other workers is set to widen this year after falling during the height of the COVID-19 pandemic.. According to the High Pay Centre, cuts to executive pay led to a fall in the median pay gap between bosses in FTSE 350 firms and employees last year; but available data for this year indicates that the gap will widen again in 2022. Pay ratios were widest in retail and lowest in media and financial services. Unions called for maximum pay ratios to "bring some fairness back" to the system.
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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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