The growing economy and lack of qualified labour force drives the wages up. The unemployment rate, which stands at 5.72 %, is the lowest since the Republic came into existence. The low unemployment rate has consequences for companies. They have been complaining about a lack of qualified labour in the long term, and recently, they have started employing foreigners in greater numbers. Average wage is expected to increase to above €1,000 in 2018. The wage increase in 2017 was the biggest seen in the past seven years, based on data collected by the Platy.sk website. The basic gross wage rose by 6.6% compared to 2016, while the average basic monthly gross wage in 2017 amounted to 980 euro. Even though labour costs are increasing faster than the EU and eurozone average, they are still low compared with the older EU members.
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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-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, and on the AIAS at www.uva-aias.net.
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