Royal BAM Group : Wage inflation confirmed, margins may be impacted
>New CLA for 2023 in the Netherlands - A new collective labor agreement has been reached for the year 2023 in the Dutch construction sector even though the current CLA has not even ended. Employers and labor unions have agreed (not final yet) to a 5% raise in 2023, consisting of 2.5% per 1 January 2023 and 2.5% per 1 July 2023. This follows on a raise of 1.5% in August 2021, a one time payment of 1% of gross in December 2021 and a 3% raise per 1 January 2022. Given t...Koninklijke Bam is a construction group based in the Netherlands. Co. is active in the sectors construction, property, civil engineering, public private partnerships, mechanical and electrical contracting, consultancy and engineering, and facilities management. Co. maintais market positions in the Netherlands, Belgium, the United Kingdom, Ireland and Germany. Co. undertakes specialist construction and civil engineering projects in niche markets worldwide. Co.'s consultancy and engineering company provides services to global clients with their international operations.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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