Press Agreed earnings in 2020 expected to be up 2.1% on 2019

Press release No. 524 of 21 December 2020

WIESBADEN – Based on provisional calculations of the Federal Statistical Office (Destatis), the collectively agreed earnings are expected to increase by 2.1% in 2020, on an annual average, compared with 2019. This would be the lowest increase of agreed earnings since 2016 (also 2.1% on 2015). In 2019, collectively agreed earnings rose by an average of 3.2% compared with 2018. The calculation included the agreed monthly basic remuneration and agreed extra payments such as one-off payments, annual extra payments and agreed back payments. Excluding extra payments, the agreed monthly earnings are expected to be 2.4% higher than the 2019 average.

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