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Dutch rail stoppage ends with bumper 8%-plus pay deal

11 Tháng Chín 2022
Dutch rail stoppage ends with bumper 8%-plus pay deal

AMSTERDAM (Reuters) -Dutch rail unions on Sunday reached a deal with employers to increase workers' pay by more than 8% over 18 months, ending a wage dispute.

Strikes have periodically paralysed the rail service in recent weeks and a further stoppage had been planned for this week.

Sunday's deal comes amid surging inflation in the Netherlands and the wider European Union, and is significantly higher than average wage settlements in the country so far this year.

State owned NS Railways said pay would rise retroactively from July by 5%, or a minimum of 185 euros ($186) a month, with an additional 3.45% in January. It called the deal good news for passengers and rail workers.

Trade union FNV Spoor said the average combined increase would be 9.25%.

Unions said they also secured agreement on a minimum wage of 14 euros per hour and two additional payments of 1,000 euros ($1,000) per worker. The company had 38,600 staff as of 2020.

The average pay increase negotiated so far in 2022 in collective labour agreements for roughly 2.5 million Dutch workers is 3.2%, according to data from employers association AWVN.

Policymakers in Europe have expressed concerns that if inflation stays high for too long, businesses will start to adjust their pay settlements, setting off a hard-to-break wage-price spiral.

Dutch inflation hit 12% in August, Statistics Netherlands said on Tuesday, driven largely by a 151% year-on-year leap in gas and electricity prices.

($1 = 0.9961 euros)

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03-10-2022 18:13:01 (UTC+7)

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 EUR/USD0.9772↑ Sell
 GBP/USD1.1187↑ Sell
 USD/JPY145.09Neutral
 AUD/USD0.6449↑ Buy
 USD/CAD1.3757↑ Sell
 EUR/JPY141.77↑ Sell
 EUR/CHF0.9675↑ Sell
 Gold1,672.35↑ Sell
 Silver19.400Sell
 Copper3.3710Sell
 Crude Oil WTI82.90↑ Buy
 Brent Oil88.55↑ Buy
 Natural Gas6.575↑ Sell
 US Coffee C220.80Buy
 Euro Stoxx 503,295.75Sell
 S&P 5003,585.62↑ Sell
 DAX12,043.58↑ Sell
 FTSE 1006,849.85↑ Sell
 Hang Seng17,079.51↑ Buy
 Small Cap 20001,667.27↑ Sell
 IBEX 357,376.50↑ Buy
 BASF40.157↑ Sell
 Bayer47.56Neutral
 Allianz160.44Neutral
 Adidas116.02Sell
 Lufthansa5.544Sell
 Siemens AG99.04Buy
 Deutsche Bank AG7.423↑ Buy
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