Wage Payment

Workers of nine Volkswagen plants to strike as labour battle escalates

Labour union last week proposed measures it said would save 1.5 billion euros ($1.6 billion), including forgoing bonuses for 2025 and 2026, which Europe's top carmaker dismissed

Real wage growth positive for 2nd straight year in 2022: ILO study

Along with Turkey, India is the only country that saw positive growth in real wages for the second consecutive year after the pandemic struck in 2020

Pay public sector bankers well, and give them a break on Saturdays

If we want public sector banks to compete with their private peers, they should get competitive compensation, linked to performance

UK wage growth remains strong, highest since 2001 amid high inflation

Wages in the UK are still rising at record highs, official figures showed Tuesday, as inflation remains stubbornly high. The Office for National Statistics said that wages, excluding bonus payments, rose by 7.3% in the three months to May, unchanged over the previous three-month period and matching the highest rate since records began in 2001. The agency's director of economic statistics Darren Morgan said that due to high inflation "the real value of weekly earnings are still falling, although now at its slowest rate since the end of 2021. Though inflation has fallen from its peak of over 10% at the end of last year, it remains elevated at 8.7%. The failure of inflation to fall as anticipated has stoked concerns that the Bank of England will continue to raise interest rates in the coming months rather than take a pause. The central bank lifted its main interest rate to a 15-year high of 5% last month, which has led to a sharp increase in mortgage rates. Elsewhere, the statistics

Nurses demand better pay in biggest strike action in UK service history

Nurses employed in the UK's state-funded National Health Service (NHS), many of them Indian, are joining picket lines up and down the country on Thursday in the biggest strikes in history to demand better pay and working conditions amid a cost-of-living crisis. Up to 100,000 nursing staff are taking part in strikes in England, Northern Ireland and Wales in protest against what they say is years of real-terms pay cuts due to inflation and concerns over patient safety. A further day of strike action is also planned for next Tuesday. "For many of us, this is our first time striking and our emotions are really mixed. The NHS is in crisis, the nursing profession can't take any more, our loved ones are already suffering, said Pat Cullen, General Secretary and Chief Executive of the Royal College of Nursing (RCN). "It is not unreasonable to demand better. This is not something that can wait. We are committed to our patients and always will be, she said. RCN has been campaigning for a pay

UK needs to cut 200,000 govt jobs over next few years to avoid debt spiral

Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in 2021.

Administrative lapses delay job scheme pay

Wage payments to 12 mn households held up for more than 60 days in 10 states

Bank wage talks begin; managements yet to make offer

Banking union sources said there was a meeting on 11th bipartite wage revision

Parliament passes bill for payment of wages via cheques, e-mode

Bandaru Dattatreya rejected the fears that it will take away workers' right to get their wages in cash