Limited wage increases over next two years

Limited wage increases over next two years
There are likely to be limited wage increases over the next two years.© Belga

The analysis carried out by the Central Economic Council (CEC) leaves very little elbow room for potential wage increases during the next two years. This is reported today in Le Soir and L’Echo. The proposed increase for 2017 and 2018 is comprised of a range between 0.9% and 1.2%.

The CEC is to investigate wage developments in Belgium’s neighbouring countries, using figures both from the OECD and the National Bank of Belgium.

It will then determine the leeway within which bosses and unions can negotiate a wage increase, as part of the various industry-wide agreements.

This margin will allow Belgian companies to remain competitive compared to their neighbours.

The CEC should still take into account the 1996 competion law. The maximum figure to be hammered out should consequently not exceed 0.7% or 0.35% per year.

The Brussels Times

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