Bloomberg News

Rehn Says Salary Indexing May Hurt Competitiveness, L’Echo Says

July 10, 2012

Wage increases for Belgian employees should be more firmly linked to productivity and not driven by “inflexible” indexing, Olli Rehn, the European Union’s economic and monetary affairs chief, said in an article published in L’Echo.

The European Commission, the 27-nation EU’s executive arm, has “confirmed the importance of seeing to it that salary increases better reflect work productivity and competitiveness,” Rehn said in the article published today.

The commission is not opposed to salary indexing in principle, Rehn said. “However, if the indexing method remains inflexible, that will represent a danger for cost- competitiveness,” he told L’Echo.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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