The hourly cost of labour, adjusted for the number of working days increased by 15% from the second quarter of 2023 to the same period this year. The growth rate was 6.79% compared to the previous three months. Compared to the first quarter of 2024, the hourly labour cost (adjusted for the number of working days) increased across all economic activities. The most significant increases were in electricity and thermal energy production and supply, gas, hot water, and air conditioning (19.72%), the mining industry (17.62%), and financial intermediation and insurance (14.08%). The smallest increases in the hourly labour cost (adjusted for the number of working days) were observed in hotels and restaurants (1.54%) and real estate transactions (3.82%).
Read on: in English…
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.