Wage Freeze


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Related to Wage Freeze: Wage restraint

Wage Freeze

1. A policy in which a company refuses to raise wages and salaries for a period of time. A wage freeze is usually instituted when a company is having a difficult time financially and wishes to avoid layoffs or other cutbacks.

2. A policy in which a government forbids or severely restricts rises in wages and salaries for a period of time. A wage freeze is usually instituted to combat inflation, but the policy often does not have its intended effect.
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If any leader is to get our support we will ask them to sign a memorandum that they will lift the wage freeze and also that they will reinstate the fired nurses.
The Zambian government introduced a two-year wage freeze for public workers in the 2014 budget and has maintained it in the 2015 budget despite pressure from trade unions to remove it.
From Monday, union bosses have been defiantly stating that they would never accept a wage freeze and that they would take 'dynamic measures' in protest against the government plans.
A wage freeze is a real cut in living standards - and the small concession for the low paid is still less than inflation.
CYNIKA president Andreas Pierides said the proposal included a wage increase of six per cent, which is aimed at making up salary cuts staff endured since 2004 when a restructuring plan by the company instituted a wage freeze.
Maintenance unions in Australia continued talks with Qantas Airways on 1 November over plans to implement a wage freeze for 18 months.
One-half of contracts reported in 1993 called for first-year raises in the 2 percent to 4 percent range; 19 percent called for a first-year wage freeze.
TUC general secretary Brendan Barber said: "While many workers have agreed modest or even zero increases in pay to save jobs, a generalised wage freeze will make the downturn worse, not better.
Qantas, an Australian carrier, has unveiled a plan to introduce an 18-month wage freeze in return for its employees accepting a sliding-scale profit share scheme.
Employees also get a three per cent pay rise this year but face a wage freeze next year.
The final contract offer includes a first-year wage freeze and 2.