In many Dax companies, employees are likely to receive salary increases in times of high inflation.
(Photo: Bloomberg, Brenntag, Telekom [M])
Dusseldorf The first Dax companies are increasing their salary budgets because of the high inflation. This is the result of a Handelsblatt survey of the country’s 40 most important listed companies.
Accordingly, the budgets for salary increases at the chip manufacturer Infineon and the chemical dealer Brenntag have recently turned out to be higher than originally planned. Adidas, Merck, Deutsche Telekom and Vonovia stated in the survey that they were increasingly including inflation in their salary budget calculations.
The corporations are reacting to the high price increases that have persisted for months with their unscheduled increases. In June, the inflation rate in the euro zone reached a new high of 8.6 percent. In Germany, the rate fell slightly to 7.6 percent (May: 7.9 percent) – but experts attributed this to special effects such as the nine-euro ticket and the fuel discount. Economists are now warning of further surges in inflation for energy and food.
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