Dutch wages rising faster than expected: report

Woman with a wallet full of euros
Stock image of a woman taking 100-euro notes out of a walletphoto: AntonMatyukha / DepositPhotos

Dutch employees can look forward to higher-than-expected wage increases next year, according to calculations from employers' association AWVN based on the collective bargaining agreements that have already been reached, Financieele Dagblad reports.

Central planning office CPB expected a wage increase in the market sector of 2.5 percent next year. But based on the multi-year collective bargaining agreements already reached in the market sector, AWVN calculates a wage increase of 3.3 percent for next year. 

Researcher Laurens Harteveld of AWVN stressed that the average collective bargaining development for next year can still go in any direction. But he thinks it is safe to say that collective labor agreement wages will increase by around 3 percent on average, he said to FD.