Inflation to cancel record wage increases

Employees in sectors with a collective labour contract are likely to see their salaries increase by an average 2.2 per cent this year.

This content was published on July 18, 2008 - 12:42

However, the Federal Statistics Office says the hike – the biggest in six years – will be annulled by inflation expected to be 2.5 per cent this year.

The service sector is to benefit from an average 2.5 per cent rise, while the industrial sector stands at 1.8 per cent.

The wage increases include general as well as individual hikes.

Regular salary negotiations between organisations of employers and employees affect about 850,000 staff, almost 20 per cent fewer than in previous years as there were no talks concerning office workers and shop assistants.

Trade unions have called for bigger salary increases at the expense of company shareholders.

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?