The average real wage increase for European workers fell from 3.6% in 2007 to 1.3% in 2008, according to new data published by Eurofound’s European Industrial Relations Observatory (EIRO). The annual update on pay developments in Europe 2008 recorded sizeable differences between EU Member States, with the rate of real increase falling sharply, and the nominal rate dropping only slightly. Wide differences emerge, however, between the various groups of countries within the EU, in terms of the level of real wage increases, with a broad east-west split.
Read the full press release and find the related report here.
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