Romanian Public Sector To Recover 2010 Wage Cut In Two Steps Next Year - PM

The wage cut implemented in Romania's public sector last year will be entirely recovered next year, likely in two installments, Prime Minister Emil Boc said Thursday on Realitatea TV.

38 views

The first part of the raise will be applied as of January 1, 2012 or later in the first part of the year, said Boc.

Public pensions will be raised next year by 100% according to inflation and 50% of the gross average wage raise, he added.

In July 2010, the Government implemented harsh austerity measures to help the country step out of recession. Apart from a series of fiscal measures, the authorities reduced public sector employees' salaries by 25%. In January 2011, their base salaries were hiked by 15%.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.