The surcharges to compensate for the rise in prices apparently did not fall into the hands of the workers of the exchange, since the union representing them initiated a dispute over wages. According to the latest data from the Central Statistical Office, the average wage in April was PLN 7,430 gross.
The employees of the stock exchange are not satisfied with their wages. The trade union of stock exchange workers (“ZZPG”) entered into a dispute with the management of the exchange and wants to introduce a regulation on the payment of additional payments to the WSE. so-called inflation. In 2023, it will be set at a level of at least 15 percent. annual gross base wage of a GPW worker, calculated as 12 times the employee’s base salary at the rate in effect on May 31, 2023.
The WSE announced that it would enter into negotiations in good faith; the first stage of the dispute.
Thinner wallets
According to the Central Statistical Office, the average wage in April was PLN 7,430 gross, which means that monthly wages have fallen for the first time in a long time. On an annualized basis, we still see growth, wages were 12.1 percent higher than the previous year. higher than in April 2022
According to the Central Statistical Bureau at the end of May, the dynamics of wages in April slowed down from 12.6 to 12.1 percent, which, with April inflation of 14.7 percent, means that real wages fell by 2.6 percent.
“When inflation falls over the holidays, wages will rise faster than prices. The purchasing power of wages will start to grow again,” analysts from the Polish Institute of Economics wrote on Twitter.
It is worth remembering that in the data on wages, the Central Statistical Office only takes into account the sector of enterprises that employ more than 9 people. The statistics do not include micro-enterprises, people working on B2B or civil law contracts. So it is possible that the real data is even less optimistic.
The industry is slowing down
Together with the data on wages, the Central Statistical Office published information on the state of Polish industry. The figures are not very optimistic - production fell by 6.4 percent. per year and 14.8%. monthly.
‘Among the major industrial groupings in April this year. there was a significant annual decline in the production of energy goods - by 14.5%, durable goods - by 13.5%, intermediate goods - by 10.8%. and non-durable consumer goods – by 5.3%. On the other hand, the production of capital goods increased by 7.2%. - we read in the message of the Central Statistical Office.
Source: Wprost
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