German firms plan wage hike in Hungary
According to a research, commissioned by the German-Hungarian Chamber of Industry and Commerce, German firms operating in Hungary plan an average 6.2% wage hike next year.
The headline wages at German-held firms
rose by 8.5% this year or 2.2% in real terms, slightly above a
projection in last year’s survey. German firms based in Hungary
account for roughly 15% of GDP, the chamber said.
The most firms are in a wait-and-see
mode … there are hardly any (German-owned) firms that would have
announced large-scale layoffs.
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