Wages showed the largest increase since the financial crisis in February

Wages increased by an average of 2.78 percent on an annual basis in February. That is the largest increase since the financial crisis broke out ten years ago, employer organization AWVN writes Thursday.


Wages increased by an average of 2.78 percent on an annual basis in February. That is the largest increase since the financial crisis broke out ten years ago, employer organization AWVN writes Thursday.

The wage increase is also greater than the average of last year. In 2018, the average wage agreement was 2.34 percent.

The average wage increase also increased compared to January. Then the increase was 2.71 percent.

Wages have been on the rise for eighteen months. From March to December last year, wages increased by around 2.5 percent.

Sixteen collective labor agreements were concluded in February. A total of 415 collective agreements for three million employees will expire in 2019.

REF: https://www.nu.nl/economie/5790591/lonen-lieten-in-februari-grootste-stijging-sinds-financiele-crisis-zien.html

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