Deferred impact of economic crisis on agreed earnings
WIESBADEN – As reported by the Federal Statistical Office (Destatis), the overall development of agreed earnings has slowed down. In April 2010, the agreed monthly earnings of employees in Germany increased by 1.9% compared with April 2009, a smaller rise than in January 2010 (+2.3%) and than the annual average in 2009 (+2.8% compared with the annual average in 2008). The slower development of agreed earnings is mainly due to the fact that the long-term, step-by-step agreements that provided for high pay rises and were concluded in a different economic situation, are now expiring. Apart from that, many of the collective pay rises agreed in the reporting period were significantly lower than in the previous year.
For further information please call: Markus Biermanski, tel: +49 611 75 2407,
