LexGo

Index increase
15/01/2020

Since 1 January 2020, the index applicable to employees' wages has been increased from 814,40. to 834,76. This results in a 2.5% raise of the gross salary paid to employees with Luxemburg Law subject employment contracts.

Wage indexation is an automatic mechanism to adjust salaries in pace with evolving living costs, as determined by the statistics and economic studies bureau, STATEC. Salaries are automatically raised when the cost of living increases by at least 2.5%. The aim of this measure is to compensate loss of purchasing power due to inflation by increasing salaries accordingly.

The final detailed results of the national consumer price index for December have just been published on 10 January 2020.

Henceforth, the minimum wage for unskilled workers, which was previously EUR 2,089.75 gross, will now be EUR 2,141.99 gross, which represents a gross increase of EUR 52.24.

Qualified employees who previously received a minimum wage of EUR 2,507.70 gross will also have their wages increased in the same proportion to EUR 2,570.39 gross as of 1 January 2020, i.e. a gross increase of EUR 62.69.

Related : Arendt ( Mr. Louis Berns ,  Philippe Schmit ,  Mrs. Louisa Silcox )

[+ http://www.arendt.com]

Mr. Louis Berns Mr. Louis Berns
Partner
[email protected]
 Philippe Schmit Philippe Schmit
Partner
[email protected]
Mrs. Louisa Silcox Mrs. Louisa Silcox
Counsel
[email protected]

Click here to see the ad(s)
All articles Labour law

Lastest articles Labour law

Index increase 2021
07/10/2021

Since 1 October 2021, the index applicable to employees' wages has been increased from 834,76 to 855,62. This results ...

Index increase 2021 Read more

New rules for investment firms remuneration policies as of 31 July 2021 in Luxembourg
15/09/2021

Directive 2019/2034 on the prudential supervision of investment firms was implemented by a law of 21 July 2021, amending t...

Read more

Brexit: less than 10 days to request a new residency permit
21/06/2021

Tick tock! Reminder to British citizens* living in Luxembourg: less than 10 days remaining to request a new residency...

Brexit: less than 10 days to request a new residency permit Read more

Circular CSSF 21/769 – Teleworking in supervised entities
23/04/2021

On 9 April 2021, the CSSF published Circular CSSF 21/769 regarding governance and security requirements for Supervised Ent...

Circular CSSF 21/769 – Teleworking in supervised entities Read more

Lastest articles by Mr. Louis Berns

Increase of the minimum wage
02/07/2019

0.9% increase of the minimum wage: last step to raise the minimum wage by 100 EUR net with effect from 1st January 2019

Read more

New legislation on staff representation
15/09/2015

On 23 July 2015, a new law concerning the reform of social dialogue (hereafter the “Law”) was enacted which pr...

Read more

Lastest articles by Philippe Schmit

Increase of the minimum wage
02/07/2019

0.9% increase of the minimum wage: last step to raise the minimum wage by 100 EUR net with effect from 1st January 2019

Read more

Entry into force of the law introducing one additional day of annual paid leave and one additio...
28/03/2019

On the 27th March 2019, the bill of law 7399 amending articles L. 232-2 and L. 233-4 of the Labour Code as well as article...

Read more

Index increase
31/07/2018

From 1 August 2018, the index applicable to employees' wages will climb from 794.54 to 814.40. This index increase wil...

Read more

Monitoring of the use by an employee of a professional instant messaging service for personal pur...
13/10/2017

On 5 September 2017, the Grand Chamber of the European Court of Human Rights (hereinafter the “ECHR” or the &l...

Read more

Lastest articles by Mrs. Louisa Silcox

LexGO Network