Social Pacts in Netherlands: Statement concerning Employment Terms
Policy 2003
Period: 2003
Matters agreed:
-
Wage increase limit of 2.5% for all employees – the first
time in 10 years that a centrally agreed wage ceiling has been
agreed.
-
The preservation of modern and affordable pension schemes.
Actions taken: Under the agreement, the government has released a
sum of EUR 1 billion to meet the social partners’
demands. Half of the amount is earmarked for alleviating the
burden of taxation and social security contributions of social
partners.
Comment: This agreement reflects the deteriorating international
and domestic economic climate, by recommending a conservative
approach to wage increases. However, it also suggests some
possible measures to encourage productivity through
lump-sum performance related remuneration in addition to collective
wage increases.
Full text of the agreement.
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