One of the topics that will also be discussed at the so-called Tripartite meeting is indexation. The Independent Luxembourg Trade Union Confederation (OGBL) said on Thursday that it considers any form of “manipulation” of the index as a “red line”.
In a similar vein, the General Confederation of the Civil Service (CGFP) stated that it also feared manipulation of the index by the government, a topic that will certainly be at the centre of the discussions.
The International Monetary Fund (IMF) recently advised Luxembourg to trigger only one wage indexation per year due to the current global crisis and to instead provide maximum support to the most vulnerable. The Luxembourg Bankers’ Association (ABBL) also defended this position in a statement published on Thursday. The ABBL nevertheless acknowledged that “a short-term solution” is necessary to manage “massive increases in fuel and commodity prices”.
In addition, the issue of inflation will most likely be on the negotiating table. At 5.5%, the inflation rate is already at a very high level, and it could rise further due to the war in Ukraine.
