4.8%

Finweek English Edition - - IN BRIEF -

The salary in­crease gov­ern­ment is of­fer­ing civil sec­tor work­ers, prompt­ing seven unions to threaten strike ac­tion. Gov­ern­ment, un­der pres­sure to rein in ex­penses, took the un­usual step of re­vis­ing its De­cem­ber of­fer of 5.8% over three years, to 4.8%, in line with the in­fla­tion rate of 4.4% for the year to Jan­uary. The Cosat­u­aligned unions de­manded in­creases of 15%.

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