* . * . . .
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Cookie Privacy Policy
  • DMCA
  • California Consumer Privacy Act (CCPA)
Sunday, May 25, 2025
Love Europe
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
Love Europe
No Result
View All Result
Home Luxembourg

EIB appeals to lawmakers over staff housing costs in Luxembourg

October 16, 2024
in Luxembourg
EIB appeals to lawmakers over staff housing costs in Luxembourg
Share on FacebookShare on Twitter
ADVERTISEMENT

The president of the Luxembourg-headquartered European Investment Bank (EIB) has appealed to national lawmakers over staff salaries at the multinational lender and the country’s high cost of living.

Luxembourg’s high cost of living, chiefly housing, has made it difficult to attract staff to the country, Nadia Calviño told lawmakers after a meeting on Monday.

“The EIB raised the issue of wages not being in line with cost of living in Luxembourg. European institutions decide wages on the basis of a coefficient which is determined by the location of the job, “ said Pirate Party MP Sven Clement, who attended the meeting.

“Now, the coefficient for Luxembourg is the same as that for Brussels, but the cost of living is much higher in Luxembourg,” Clement told the Luxembourg Times.

Approximately 5,000 EIB employees are struggling with the cost of living, including the high cost of housing, in Luxembourg, Calviño is quoted as saying in a press release following the closed-door meeting. The EIB had employed just over 4,500 people at the end of 2023. There is no current head count for the EIB.

The Grand Duchy has some of the most expensive housing in Europe, with costs being 87% higher than the EU average in 2021.

Also read:Only 64,000 housing units built in the last 18 years

The pace of construction has also proven to be slow with only 64,000 housing units built in the last 18 years.

In an interview with the Luxembourg Times in September, Housing Minister Claude Meisch said that Luxembourg has “some catching up to do” on affordable housing and that EU institutions in the country would be free to build housing for their own staff but should not count on the national government to do so.

Also read:Luxembourg has ‘some catching up to do’ on affordable housing

“The EIB raised the attractiveness issue and it is something that we have to work on. Luxembourg MPs can also make a difference by laying the groundwork for renegotiation of the coefficient for wages,” said lawmaker Clement.

A third of all EU staff at Luxembourg-based institutions now reside in neighbouring Belgium, Germany and France, and there is no movement in the discussions about the corrector coefficient.

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=670fa476e337448093654221cb9be690&url=https%3A%2F%2Fwww.luxtimes.lu%2Fluxembourg%2Feib-appeals-to-lawmakers-over-staff-housing-costs-in-luxembourg%2F22948406.html&c=10494024928116719172&mkt=en-us

Author :

Publish date : 2024-10-14 09:27:00

Copyright for syndicated content belongs to the linked Source.

Tags: EuropeLuxembourg
ADVERTISEMENT
Previous Post

Romania, EU country where industrial output grew in August against July

Next Post

Macedonian Football | U19: Macedonia finished last at the EURO qualifiers (Video)

Related Posts

Luxembourg

March 2025 in Luxembourg was far too dry and too heat – RTL At the moment – EUROP INFO

Luxembourg

World Jet provides group’s first G700 in Luxembourg – ch-aviation – EUROP INFO

Luxembourg

Luxembourg Future Fund 2 invests in 33N Ventures – Delano.lu – EUROP INFO

ADVERTISEMENT

Highlights

A Deep Dive into Hidden Struggles – EUROP INFO

Discover the Must-Visit New Skatepark in Katwijk, Netherlands! – EUROP INFO

Tragic Nightclub Fire in North Macedonia Claims 61 Lives and Injures Hundreds – EUROP INFO

A Tiny Balkan Nation Caught in a Tug of War Between Russia and Europe – EUROP INFO

Community Celebrates as New Tree Takes Root at Lacy Park Ceremony – EUROP INFO

Categories

Archives

October 2024
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Sep   Nov »
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Cookie Privacy Policy
  • DMCA
  • California Consumer Privacy Act (CCPA)
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2024 Love-Europe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version