Wage cuts

[fifi]

EU joins call for wage cuts in Spain

The European Commission has joined the IMF in urging Spain to cut wages further to help pay for job creation schemes.
The call, made Commission vicepresident Olli Rehn, is certain to trigger strong reaction from unions here, who are already contemplating an autumn strike in protest at Spain's hard-hitting austerity drive. Rehn urged unions and employers to come together to strike a deal to trim wages by up to 10% and use the money to create new jobs to cut the dole queues. "Anyone who opposes such a move will have to bear national responsibility for the economic and social costs of their decison" Rehn said. The call comes just days after the IMF made a similar proposal for Spain. However, public sector works have already said they will fight such plans, given that they have already suffered wage cuts in the last couple of years.

[Ivemovedon]

nice to see the eurocrats sitting in their comfortably feathered tax payer funded nests dictating that the underlings should have their incomes slashed. It may well need to be done but its a bit galling to hear it come from those whos own lifestyle won't be affected. 

[TheCooler]

Olli Rehn's salary is quoted to be around €25,000 a month.Cut all euro mp's salaries by 20% and Spain and the rest of the EU citizens would start saving money immediately . I rekon the Kinnocks must of got enough money out of the Eu to run a small African nation. We're all in this together.

[KWC]

Nothing new there.

We have been on a company salary cut since 2008 

[dagwood]

From what I hear it costs at least €400 per month to employ someone in Spain and that's before you pay wages. I call that a massive tax on employment/employers. If they reduced that then you may get more people to consider employing extra staff, but common sense has no place in politics. I doubt those under worked over paid eurocrats would get out of bed for €25,000 per month, probably at least the same again in expenses and why, as the ad says because they are worth it.   

[Ivemovedon]

Godfrey Bloom would sort em out.