The Government may skip the mid-year minimum wage increase despite 35.4% inflation. As inflation erodes earnings, the decision has triggered strong political and public reactions. The minimum wage, set at 22,104 liras (€ 472) in January 2024 after a 30% increase, has lost significant value. Economists estimate its real purchasing power has fallen to 19,000 liras (€ 406), pushing citizens close to poverty. More than one-third of the workforce depends on the minimum wage. This leads to high pressure on the Government.
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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.