Union movements organise protests over surge in inflation

More than 38 million people in Europe can’t afford a week’s holiday despite being in work, according to an analysis by the European Trade Union Institute for the European Trade Union Confederation (ETUC). The ETUC argues that the cost-of-living crisis is putting holidays even further out of reach with the share of the total population who cannot afford a holiday increasing in over half of EU member states since 2019 and even the share of working people who can’t afford one has increased in 11 countries. Romania, Greece and Lithuania have the highest share of workers unable to get away for a

An ETUC analysis reveals that European companies have paid inflation-busting dividends to their shareholders while workers have been struggling to cope with the cost of living crisis. The value of payouts to shareholders increased by 28.6% in Europe during the second quarter of this year, according to the newly-published Janus Henderson Global Dividend Index. That’s more than seven times faster than the rate at which wages are rising across the European Union. Dividend increases were particularly high in Spain (97.7%), Italy (72.2%), Germany (36.3%) and France (32.7%). The ETUC argues that the

An ETUC analysis reveals how families will be forced to cut back on Christmas dinner this year as a result of food prices rising up to seven times faster than wages. The ETUC found that food prices – the second highest contributor to inflation after energy – have increased by 18% across the European Union since last winter. In contract, the latest figures indicate that nominal wages are expected to have increased by 4.4% in the EU by the end of this year. The sharpest increases are happening in Slovenia, where food prices are rising 7.6 times quicker than wages, followed by Sweden (6.4), Spain