Germany - Contractual wages increase 5.6% - August 31, 2024

Taking into account the new agreements concluded in the first half of 2024 and the collective wage increases already agreed for 2024 in previous years, collectively agreed wages will rise nominally by an average of 5.6% this year. Given a significant decline in inflation rates to an average of 2.4% in the first half of 2024, this results in a real wage increase of 3.1%. This is by far the highest annual real wage increase in contractual wages for more than a decade. However, this was preceded by three years of real wage losses. This conclusion is reached by the collective wage archive of the Economic and Social Science Institute (WSI) of the Hans Böckler Foundation in its half-yearly report on the current development of collectively agreed wages.

Read on: in German… Read on the press release: in German…

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.