The Ministry of Labor released statistics about the collective agreements signed after the 2012 labor market reform. They point out that lower labor costs have been achieved as one third of collective agreements and 60 percent of company agreements signed this year give wage increases up. (Ref. 130710)
Wage freeze is gaining ground. The statistics released by the Ministry, based on the agreements officially registered since the beginning of the year and until October, show that, out of the 4.2 million workers covered by a collective agreement, 1.27 did not receive an annual wage variation. Since the beginning of the year, 1,392 collective agreements were registered, covering 499,700 businesses and 4,208,000 employees. Most agreements are valid for several years. It seems that 30 percent o
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