The Tunisian government is under pressure from international lenders, particularly the International Monetary Fund (IMF), which is urging it to
freeze wages under public sector reforms to curb the budget deficit.
Tunisia has been under pressure from international lenders to
freeze wages as part of public sector reforms aimed at cutting the country's budget deficit.
"President Trump's plan to
freeze wages for these patriotic workers next year ignores the fact that they are worse off today financially than they were at the start of the decade," said J.
The Herbert Smith Freehills bargaining survey in April found that 60 per cent of employers want to grant workers only nominal wage increases or to
freeze wages, and many more are looking to cut other conditions from workplace agreements.
How on earth can we be oil rich, operate one of the highest tax systems in Europe, pay out one of the poorest pensions in the developed world,
freeze wages for years and still be broke?
PDVSA was forced in April 2009 to
freeze wages for the employees, even as annual inflation was then said to be running at 30%.
It gives the provincial government the power to impose contracts that
freeze wages, reduce sick days, force three unpaid days off for most and change retirement benefits;
The system will also reduce two to eight hours from another dozen workers' weekly schedules,
freeze wages for its entire workforce, and will leave nine vacant jobs unfilled, Edward H.
The two main unions, communist Peo and centre-right Sek, as well as the civil servants' trade union Pasydy, oppose government efforts to
freeze wages in the public sector, which puts the communist-led administration in an awkward position amid the ongoing economic crisis.
All unions have rejected a new proposal by Kazamias to
freeze wages for two years in a bid to shore up the economy.
The study also revealed that two-thirds of firms were not planning pay rises which matched or exceeded inflation, with one in eight intending to
freeze wages.
Unlike big businesses, small firms are unable to absorb the cost, and so to deal with the extra expenses they will have to increase prices, lay off staff and
freeze wages.
It was mentioned in the reports that the local union also struck a deal worth millions of dollars to Mitsubishi to cut and
freeze wages through 2015.
Firms will have to lay off staff,
freeze wages and cut investment if fuel duty prices continue to increase, a business group has warned.
