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Tesco staff with over 20 years service have been approached to sign new contracts that would see their pay cut

Tesco seeking pay cuts from longer serving staff

Grocery giant Tesco has confirmed it is seeking to cut pay and conditions for longer-serving staff in their Irish operation.

Business • 27 Jan 16

It is understood the agreement has been structured to boost productivity in order to fund the recruitment of additional staff

Pay rises and new rosters for Ryanair cabin crew

RTÉ News has seen details of the new Ryanair cabin crew pay agreement, which includes some pay rises, new rosters and new arrangements for funding uniforms.

Business • 20 Jan 16

Michael Noonan said the Government will eliminate USC over five years if re-elected

Govt ‘not averse’ to raising minimum wage

Finance Minister Michael Noonan has said the Government is not averse to raising the minimum wage again to ensure work is paying more than welfare.

News • 02 Dec 15

New CSO figures show that average weekly earnings increased in 11 of the 13 sectors in the third quarter

Average earnings rise by 2.7% in third quarter

New figures from the Central Statistics Office show that average weekly earnings rose by 2.7% to €688.80 from €670.53 in the third quarter of the year compared to the same time last year.

Business • 26 Nov 15

Walmart is facing tough competition on multiple fronts

Walmart shares see steepest decline in 25 years

Wal-Mart Stores has warned that higher wages as well as spending on e-commerce and lower prices would cut earnings per share as much as 12% next fiscal year.

Business • 15 Oct 15

The introduction of an €8.50 minimum wage at the start of the year is having an impact on German wages

German wages rose at fastest pace on record in Q2

German real wages rose by 2.7% in the second quarter, the strongest increase since records began in 2008, the Federal Statistics Office said today.

Business • 22 Sep 15

There were 3,178 bankers in the EU on at least €1m a year - including bonuses - in 2013

40 Irish bankers earned €1m or more in 2013 - EBA

Ireland had 40 bankers earning €1m a year or more in 2013 according to new statistics published by the European Banking Authority.

Business • 07 Sep 15

UK unemployment rate for January-March falls to 5.5%

UK unemployment figures at 2008 low

British unemployment has struck a seven-year low point, official data showed today, further boosting the new UK government.

Business • 13 May 15

Last year thousands of people were left out-of-pocket because European banks were closed on May Day

Employers urged to amend payments ahead of May Day

Employers have until this evening to amend payments for staff to take account of upcoming bank holidays in Ireland and Europe to ensure workers receive salaries on time.

News • 29 Apr 15

UK jobless total fell by 76,000 to 1.84 million in the quarter to February

Record 31 million people at work in the UK

UK unemployment has continued to fall and a record 31 million people are in work, new figures show.

Business • 17 Apr 15

Unemployment fell in Britain while workers' income also improved

British employment, wages rose in December

British pay growth outstripped a dwindling inflation rate by the widest margin since before the financial crisis in December, several measures of earnings showed, giving many households a boost ahead of elections there in May.

Business • 18 Feb 15

The ONS said the number of unemployed slid 58,000 to 1.91 million people in the months from September to November

UK unemployment hits new six-year low

Britain's unemployment rate has hit another six-year low of 5.8% and wages are climbing in real terms, official data showed today.

Business • 21 Jan 15

A full-time worker in Germany earned an average of €3,541 a month before tax in Q3

German wages see biggest rise in over three years

German real wages increased by 1.8% in the third quarter compared with the same time in 2013, their biggest rise in more than three years.

Business • 22 Dec 14

Total labour costs in the euro zone rose 1.2% year-on-year in the second quarter

Euro zone labour costs jump in second quarter

The rise in euro zone labour costs accelerated in the second quarter compared to the first three months of the year despite a stalling economy.

Business • 16 Sep 14

Average yearly revenues down by 0.7% last year

New figures from the Central Statistis Office show that average annual earnings fell by 0.7% in 2013 to €35,830 from €36,079 the previous year.

Business • 15 Sep 14

World Bank warns of global jobs crisis

The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank has warned.

Business • 09 Sep 14

The Bank of England has cut its forecast for wage growth this year in half

Bank of England slashes wages forecast

The Bank of England slashed its forecast for wage growth today.

Business • 13 Aug 14

Annual labour costs growth in the euro zone nearly halved to 0.9% at the beginning of the year

Euro zone labour cost rise slowest in 5 years

Wage growth in the euro zone decelerated to its slowest pace in at least five years in the first quarter, official data shows.

Business • 18 Jun 14

McDonald's CEO Don Thompson was paid $9.5m last year

McDonald's shareholders approve CEO's wages

McDonald's shareholders approved an executive pay plan at the company's annual meeting despite protests over standard worker's pay.

Business • 23 May 14

US consumers opened their wallets to buy a broad range of goods in March

US consumer spending jumps 0.9% in March

US consumer spending jumped 0.9% in March, the largest increase in nearly five years.

Business • 01 May 14

Workers at big Japanese firms to get first wage hike in years

Japan firms raise wages for first time in years

Major Japanese firms, including Toyota and Panasonic, today said they would boost employees' wages for the first time in years.

Business • 12 Mar 14

US economy added 236,000 jobs in February

US jobless rate falls to four year low

US companies increased hiring in February, adding 236,000 jobs and pushing the unemployment rate down to 7.7% from 7.9% in January.

Business • 08 Mar 13

Howlin to maintain 'vast bulk' of public wages

The Minister for Public Expenditure and Reform, Brendan Howlin, has pledged to maintain current pay for the "vast bulk of public servants" in a new deal on public sector pay.

News • 25 Nov 12

Wages