Liechtenstein - Wages keep up with inflation - December 31, 2023

This year's wage negotiations between union LANV and the various trade sections of the Chamber of Commerce have been completed. Inflation has been below 2% for six months. In November, it fell to its lowest level of the year at 1.4%. The results of the 17 wage negotiations include the following aspects: working hours in 10 different industries were reduced by half an hour to an hour per week to promote a better work-life balance. Conversely, this means wage increases of 1.2-2.3% for the affected employees.

There are also wage increases of up to 2.5% as well as various increases in minimum wages and vacation entitlement. Wages will rise in all sectors in 2024 by an average of 2.4%. Wage growth is therefore above inflation.

Read on: in German…

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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