WAGE MODERATION
Trading pay increases for job security is on the agenda in several countries this month.
A long-term settlement in Germany’s key metalworking industry provides for wage moderation, including an 11-month freeze in basic rates, in exchange for measures to maintain employment.
In Spain, national trade union and employers’ organisations have reached a three-year cross-industry framework deal that provides for pay restraint over 2010-12, with priority given to saving and creating jobs, and reducing the high level of temporary employment.
Mark Carley
European editor,
XpertHR
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