Trade unions will demand at 6-7 percent rise in average wages this year,
according to Josef Středula, head of the Czech-Moravian Confederation of
Trade Unions.
In an interview with iDnes.cz published on Sunday, Středula said that
despite an expected slowdown, Czech companies can afford pay hikes. If
wages stagnate, he said, the entire Czech economy – half of which is
driven by consumption – is at risk.
Czech GDP in real terms has already exceeded 90 percent of the European
Union average, yet Czech wages are at around 30 percent of the European
average in nominal terms, Středula said.