In October 2023, the net wages were, on average, 17% higher nominally and 8.3% larger in real terms compared to a year earlier. The net wages adjusted for inflation (real terms), have bounced back quickly from the fall caused by the inflationary shock during 2022, helped by the wage hikes in the budgetary sector (such as education) but mainly as employers accepted gradually to compensate for the sharp rise in consumer prices.
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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.
You may find further information on the ETUI at www.etui.org.