Cyprus was bracing for a non-traditional type of war this week. A confrontation between employers and workers over the demand by Unions for restoring...
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Maroc - FINANCIALMIRROR.COM - A La Une - 13/Sep 05:41
Olive oil, cucumbers and the consequences of ATA
Trade unions in Cyprus, encouraged by strong economic data, returned to the negotiating table with business leaders and the labour minister, demanding full implementation of ATA, the automatic wage-indexation system based on inflation. Refusing to consider reforming, let alone abolishing, the six monthly adjustment that favours higher earners rather than low income workers, the rigid trade unions staged a nationwide strike on Thursday, in an attempt to strong-arm their want. The idea behind ATA, known previously as the cost of living allowance (CoLA), was to compensate workers for higher prices recorded over a period of time for a basket of
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