The biggest challenge in the coming months will be to preserve the buyer value of earnings, union leaders told the newspaper.
"We are constantly negotiating with employers that where we have already concluded a wage agreement for this year, employees may receive wage compensation for higher-than-expected inflation," Melinda Mészáros, president of the LIGA Unions, said.
Rather than wage negotiations, the purpose of this meeting was for the government to hear the information provided by its social partners. Based on these, it expects inflation of 10% this year and 5% lower next year, so it is inevitable that much of the wage increases will be taken away by the drastic rise in consumer prices.
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.
