StatecSalary indexation likely to be triggered in December

Gaël Arellano
Statec announced on Friday morning that the salary indexation would not be triggered in November, but that it would most likely occur in December.
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On Friday, Statec said they expected the salary indexation to take place in December 2019.

The reason is the fall in inflation forecasts for Luxembourg, which has meant that the half-yearly average of prices has not exceeded the threshold for the next indexation tranche.

Indexation should now be triggered in December which means salaries will be revised upwards from January.

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