NBP warns against bowing to the wave of pay increase demands

Those employed in the mining, steel, oil and food processing sectors want pay increases reaching as high as several dozen percent, which according to economists, could lead to an economic slowdown. "Rapid consumption of companies' profits would be an extreme case of irresponsibility," said Adam Sadowski from the Adam Smith Center. "We will turn to the new president with a demand of increasing wages in the company by 3-4% above inflation," said Józef Więckowski, the deputy leader of Orlen's trade unions. Other unions have similar demands and interestingly, private sector employees in companies such as FIAT Auto Poland and Morliny, are also voicing similar demands. The NBP and the Monetary Policy Council warn against bowing to the demands. (Rzeczpospolita, pp. A1, B1) M.M.