The average monthly wage has decreased in real terms for the fourth consecutive quarter. Rapidly increasing inflation devalued it by 4.5% for the whole year and by almost 8% at the end of the year. Average gross wages continued to grow in the last quarter, but at the slowest rate among all quarters of the last year. In the 4th quarter of 2022, the average nominal monthly wage increased by 6.5% year-on-year to € 1,418. On a gross basis, employees received on average € 87 more than in the 4th quarter of 2021. However, consumer prices increased at a significantly faster rate so that real wages dropped by 7.6% year-on-year, which was the highest decrease since the 2nd quarter of 2000.
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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.