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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References in periodicals archive ?
If we had a responsible government, which did not make the satisfaction of union blackmailers its priority, measures, including a wage freeze, would have been imposed two years ago and we would not be in the mess we are in today.
They wanted a wage freeze so that the "issue of tax evasion and tax avoidance which deprives the state of hundreds of millions of euro would not be tackled," said Hadjipetrou, insisting that the problems of the budget were caused by low revenue and not high expenditure.
The deputy general secretary of PEO, Soteris Fellas, said he was not in favour of a wage freeze; however, he stressed the union would continue to examine the issue with seriousness and responsibility, towards the workers and economy.
The Australian Manufacturing Workers Union has stated that it will not accept a wage freeze, claiming that it is actually a wage cut, not a freeze, because a freeze would not keep pace with inflation, according to AsiaPulse.
Union leaders have stated meanwhile that they would like to see more details of Qantas' plans before making a decision about accepting the wage freeze.
But coalition ministers have decided that hitting NHS staff with a two-year wage freeze is not enough.
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.
STAFF at IT giant Fujitsu are fuming after boss Roger Gilbert's salary doubled in a wage freeze.
These people should be discussing a wage freeze as they are already paid far too much.They can claim expenses equivalent to their wages, which takes them to roughly pounds 100,000 a year, then they have other perks like free travel and many other sources of income.
"A wage freeze is a real cut in living standards - and the small concession for the low paid is still less than inflation."
Employees also get a three per cent pay rise this year but face a wage freeze next year.
These rises need to be measured against the way prices have risen during the period public sector works were suffering from a wage freeze.