Government signs agreement with civil servants’ trade union

Minister of Finance Harris Georgiades and General Secretary of the Pancyprian Public Servants` Trade Union (PASY-DY), Glafkos Hadjipetrou signed on Monday the framework agreement for the years 2017-2018.

In statements after the signing ceremony, the Minister said the agreement ensures the sustainability of public finances, while Hadjipetrou noted that the trade union is satisfied with the agreement which was the product of social dialogue.

The agreement provides for the introduction of a mechanism through which the percentage increase in salary costs will not exceed the rate of GDP growth.

source: CNA