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Wage Freeze
(redirected from Wage Freezes)

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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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Average pay rises have remained at 2 per cent in recent months, below the rate of inflation, while wage freezes have fallen to around one in ten of all settlements, new research shows.
Average pay rises remain 'below inflation' by Independent Television News Limited (ITN)
AVERAGE pay rises have remained at two per cent in recent months, below the rate of inflation, while wage freezes have fallen to around one in 10 of all settlements, new research showed today.
Inflation outpacing pay rises by Coventry Evening Telegraph (England)
John, Alloa WE hAVE cuts, wage freezes and job losses.
your texts by Daily Record (Glasgow, Scotland)
 
 
 
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