Siptu will seek pay rises for private sector workers to offset surge in inflation

that salary increases designed to keep up with consumer prices could trigger a wage-price spiral.

“In negotiations with employers across the economy, our members will seek increases that will offset the sharp rise in the costs of living in Ireland,” Siptu’s deputy general secretary Gerry McCormack said. Mr McCormack said Siptu was aware some businesses may not be able to afford the increases required to meet inflation and did not intend to place them in further financial difficulty with unsustainable pay claims.

“The sharp rise in living costs, including energy prices, is largely driven by external factors and is not caused by working people and their families, many of whom are now struggling to pay for their rent, mortgage, fuel and other basic needs,” he said.

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