Cyprus News Agency: News in English, 11-09-14
CONTENTS
[01] MINISTER OF FINANCE - UNIONS - COLA
[01] MINISTER OF FINANCE - UNIONS - COLA
Finance Minister Kikis Kazamias and the main trade unions - PEO, SEK
and PASIDY - have agreed on a freeze on the adjustment in the cost of
living allowance (CoLA) for employees in the public and the broader
public sector.
They have also agreed that CoLA should continue to be paid to workers
in the private sector.
During todays meeting at the Ministry of Finance, Kazamias said the
social partners and the government agreed that the adjustments on the
CoLA will freeze until the end of 2013 in the public sector but will
continue to be paid, as normal, to workers in the private sector.
He said that he is preparing the proposal on the second package of
austerity measures, set to be tabled to the House on Thursday.
Kazamias said the government will put forward proposals to help reduce
the public deficit through measures which would affect the wealth.
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