LMP Proposes Inflation-tracking Wage Increase

Image by Shutterstock.com

Opposition party LMP would give all civil service workers an inflation-tracking wage increase, according to hrportal.hu.

Inflation is already over 20%, and food prices have suffered the most, said Máté Kanász-Nagy, the deputy leader of the parliamentary faction of the opposition party.

The situation is worst for those who cannot take on a second job or extra work, who are typically public service workers, he said.

According to LMP's proposal, in the case of workers in the social sector, education, healthcare, and state administration, on January 1 and July 1 of each year, wage correction equal to the rate of inflation must be established, and the wages of all public service workers must be increased accordingly.

Analysis

Industry and Consumption: Two Hindering Factors Behind Latest Central Statistical Office GDP Data

Analysis

Chamber of Commerce Corner, September 6, 2024

Analysis

Changing Weather, Turning Pages, and Realpolitik

Manufacturing

Industrial Production Drops in July Amid Sectoral Weakness

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.