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Date: 13/10/08 
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Inflation

Retail Prices Index

June 4.6%
May 4.3%
April 4.2%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to May 2008 (exc. bonuses)

Private Sector 3.8%
Public Sector 4.0%


Source:
Office of National Statistics

employee rewards & benefits news

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19-Jun-08 11:15 [Europe, Middle East and Africa]
Employment and pension law reformed in Italy
Italy has introduced reforms to its employment and pension laws, following an agreement with the main employer's associations and trade unions.

Changes include the introduction of legislation about hiring disabled workers and managing fixed-term contracts, reports industry publication Personnel Today.

Fixed-term employment contracts can no longer be renewed on an ad-hoc basis after a total of 36 months has been reached.

Disabled employees will now have an improved chance of being hired on a permanent basis under the new laws.

Incentives for creating new jobs and apprenticeships have also been created because of new rules governing social benefits and employment services.

The Italian National Employees Pension Fund has also increased the mandatory retirement age to 58 this year, gradually increasing to 61 by 2013.

Social security rates will increase for temporary workers hired to work on specific projects from around 23 to 24 per cent in 2008, 25 per cent in 2009 and 26 per cent in 2010.

In April, Silvio Berlusconi was re-elected for a third term as Italian prime minister after winning a clear majority in both houses of the country's parliament.

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08-Oct-08 [Europe, Middle East and Africa]
French govt demands curb of executive pay
The French government has told companies across the country to regulate and restrict their executive pay and reward schemes for failing directors. Find out more>
07-Oct-08 [Europe, Middle East and Africa]
Belgian action halts Eurostar services
Trains between London and Brussels or Lille were brought to a standstill yesterday after Belgian rail workers went on strike over pay and conditions. Find out more>
02-Oct-08 [Europe, Middle East and Africa]
Unite jets out to help Alitalia
Negotiators from the Unite union have flown out to Rome to help their Italian counterparts currently struggling to save their troubled airline, Alitalia. Find out more>

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