Wage Freeze

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Related to Wage Freezes: price 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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But in reality there has been a wage freeze in the private sector for the past three years, even in some sectors that are covered by collective agreements such as the media.
8% because of wage freezes in the public sector, but are higher in private firms, according to a new report.
Bryan Jackson of PKF blamed the figures on a "higher proportion of public sector jobs being cut, wage freezes in the public sector and more speculatively, an over-reliance on the housing bubble to fund lifestyles".
5% in recent months, although no wage freezes were recorded in private firms in the quarter to July, a new report showed today.
I find this incredible at a time when thousands of workers, myself included are on wage freezes, manymore thousands areon paycuts and others have just lost their jobs it just goes to showthat they are not on the same planet as normal people.
The TUC said reports of widespread wage freezes, falling pay in private firms and soaring public sector earnings had been "greatly exaggerated".
The Labour Research Department said the rate of wage freezes was accelerating despite RPI inflation increasing by 2.
A study by the Labour Research Department (LRD) showed a steady fall in the number of wage freezes since the summer, when one in four agreements involved no pay rise.
Selectmen asked for the voluntary wage freezes to avoid layoffs, at a March 4 meeting with town employees.
2 per cent, while the number of wage freezes rose to just over four per cent of all settlements.
During the near-full employment of World War II, firms competed for employees but were prevented by government-imposed wage freezes from bidding up pay.
Following the state's $8 million reduction for 2003, the city's amended budget includes several offsetting measures including reduction of capital appropriations, unfilled vacant positions, and wage freezes as agreed by four labor unions for 2003 along with 2% annual adjustments in 2004.