ETUC exposes how dividends surge while real pay falls

Europe

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 figures show again how excessive corporate profits – not wages – are driving inflation, as stated by the European Central Bank.

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Aug. 17, 2022

Union movements organise protests over surge in inflation

Austria Czech Republic Greece

With inflation increasing rapidly across Europe, trade union movements are mobilising to highlight the cost-of-living challenges facing workers, their families as well as pensioners and students. Latest figures show prices rising at anything from 6.5% to nearly 23% a year in Europe with further increases predicted. The CMKOS confederation in the Czech Republic is calling for a national demonstration in Prague on 5 September while the ÖGB confederation in Austria is coordinating protests around the country on 17 September. In between these two, the GSEE private sector and ADEDY public sector

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Jul. 20, 2022

Wages not driving inflation but price surge denies millions a holiday

Europe

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

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