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Friday, April 19, 2024

Emirates employees will receive a 5% pay raise to keep up with inflation and rising living expenses

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The 5% pay increase was announced by Emirates to its Dubai-based staff on Tuesday in response to the global wage crunch brought on by growing living expenses and inflation.

Midway through 2022, the United Arab Emirates (UAE) saw its highest inflation rate, which is at just over 3%. Emirates claimed that salary increases for employees in other nations would often follow local inflation rates.

An internal memo informed employees that the raises were “a direct response to the rise in cost of living and inflation, which we recognize has put pressure on you and your families.”

The wage increase follows the announcement of a sizable profit-sharing incentive last month, which came shortly after the government-owned airline reported a record $2.9 billion profit for 2022–2023.

Employees who are directly employed earned 24 weeks’ worth of compensation, the first bonus given to Emirates employees since 2018.

Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates Group, declared last month that the airline had made a “full recovery” after travel demand increased as a result of the removal of limitations imposed during the pandemic.

Emirates is confident that strong travel demand will persist despite inflationary pressures around the world, as seen by the decision to raise pay after years of cutbacks.

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