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Inflation-based wage increases targeted at over 2,500 companies

Wage increases to match the cost of living are being demanded for workers at over 2,500 companies as inflation is expected to hit 8 percent.

After a meeting of sector organizers, Siptu said its members across the private sector will renegotiate existing wage deals that do not reflect inflation.

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“In negotiations with employers across the economy, our members will seek increases that offset the sharp rise in the cost of living in Ireland,” said Siptu Deputy General Secretary Gerry McCormack.

“We will also renegotiate previous agreements that are no longer sufficient to compensate workers for the rise in inflation.”

However, he said the union would not make increases if companies could not afford potentially “unsustainable” wage demands.

“However, we have also seen unwarranted gouging in recent months, suggesting that there are businessmen raising prices above inflation just to boost profits at the expense of their customers,” he said.

“The sharp rise in the cost of living, including energy prices, is being driven largely by external factors and not by working people and their families, many of whom are now struggling to pay their rent, mortgage, fuel and other basic needs. The 14 percent increase in house prices is creating real hardship and exacerbating the housing and homelessness crisis.”

He said the union had urged the government to raise the €500 limit employers can spend on tax-free vouchers to €1,000, which could be paid in lieu of increases.

Mr McCormack said the government should also raise the minimum wage to the living wage and protect vulnerable citizens by increasing welfare and state pension rates.

https://www.independent.ie/irish-news/news/pay-rises-to-match-inflation-to-be-sought-at-over-2500-companies-41542930.html Inflation-based wage increases targeted at over 2,500 companies

Fry Electronics Team

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