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Date: 28/08/08 
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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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02-Jul-08 11:30 [Europe, Middle East and Africa]
German airline workers take strike action
Workers at German airline Lufthansa have walked out in a staged strike over pay issues.

As a result of the action, 44 flights have been cancelled.

European and domestic flights were cancelled, with long haul flights from Frankfurt and Munich departing late, according to Bloomberg.

The strike was called by German trade union Verdi, which is pressing for a 9.8 per cent pay rise for the airline's 60,000 workers, reports Agence France Presse.

Lufthansa has offered a 3.4 per cent pay deal and talks are set to resume on Thursday July 3rd.

The airline chief executive Wolfgang Mayrhuber told Bloomberg: "Our employees know that the company supports them."

He added that "calmness" and "intelligence" is required to find a solution to the dispute.

The principal airports affected were Frankfurt, Munich, Stuttgart and Cologne.

In May, the British Airline Pilots' Association announced it was withdrawing a high court action that was asking whether a clause in the treaty of Rome could be used by British Airways to ban its pilots from going on strike, after it stated that the action could face a continuous stream of appeals.

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27-Aug-08 [Europe, Middle East and Africa]
European pension timebomb 'is ticking'
By 2060, there will be only two people of working age for each person over 65, putting huge strains on the EU pension economy, it has emerged. Find out more>
27-Aug-08 [Europe, Middle East and Africa]
Latvian pension reform fails to be passed
A referendum held by the Latvian government has failed in its attempt to raise the national old age pension rate, it was reported. Find out more>
15-Aug-08 [Europe, Middle East and Africa]
Romania could secure first private pensions deal
The end of the year could bring about the first acquisition in the private pensions market in Romania, a pension news website has reported. Find out more>

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