Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


Labour Minister: Salaries could have been cut by 70 pct in 2011, without the austerity measures

Salaries in the public system could have been cut by 30, 50 and even by 70 percent, in 2011, if the government hadn't taken the austerity measures to restore budget balance, according to Labour Minister, Mihai Seitan. He stated on Monday that, if austerity measures planned for this year by the government prove to be a failure, the government will leave.'There is no joy in cutting pensions and salaries. This is the last thing a government would like to do, but if there is a little ...

Article accessible to subscribers only. Please login or subscribe.



Tuesday, June 1, 2010