IBEC survey confirms pay freezes across Irish businesses

IBEC, the group that represents Irish business, has published a survey which shows pay freezes are the norm in most companies this year.

IBEC, the group that represents Irish business, has published a survey which shows pay freezes are the norm in most companies this year.

The survey of IBEC members also revealed that some firm's are still cutting wages.

The group said that pay levels remain up to 20% higher than Ireland's main trading partners and recommended that employers should not entertain claims for pay increases this year.

IBEC director of industrial relations Brendan McGinty believes that lowering play levels is good for protecting jobs.

"The reality is that one in four firms have reduced nominal pay rates over the course of the recession and these nominal pay levels have fallen by about 5%," he said.

"That's good, because that means that more jobs that more jobs can be sustained."

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