Suggestions for adjustments to the establishment of Automated Worth Index Changes have intensified not too long ago, as final Thursday there have been new proposals from the Minister of Finance to hyperlink the ATA with the productiveness and prospects of the financial system, which had been adopted the subsequent day – on Friday – by related suggestions from the Worldwide Financial Fund.
The suggestions of the IMF had been made on the event of the completion of the brand new evaluation, by the Fund, of the Cypriot financial system and which can not have been recognized upfront to the Authorities. With these, the IMF, which final yr advisable to not enhance, as was lastly finished, the speed of return of the value index, requests to keep away from the additional indexation of wages by prioritizing adjustments across the fee of ATA that converge with these repeated by the the day past and the Minister of Finance in the course of the presentation of the brand new measures in opposition to punctuality. Specifically, the IMF states in a press release after the completion of the brand new on-site audit of the financial system, that wages within the public sector ought to replicate macroeconomic developments and developments in productiveness, which signifies that additional upward revisions needs to be averted of the price of residing adjustment (CAL). A place that’s recognized to be rejected by the commerce union motion, which insists that the ATA is actually a alternative for the lack of the buying energy of wages, which is definitely finished with a delay – and never at 100% of the rise in inflation.
Nevertheless, final Thursday, Mr. Keravnos, when requested about it, referred to the matter, recording the brand new settlement as a measure that boosted the incomes of employees however remarking that with ATA the general public servants profit primarily and from them primarily the high-salaried ones, he reiterated his place for adjustments, additionally continuing to confess that immediately via the establishment there’s an unequal distribution of earnings. Specifically, when requested to touch upon the criticisms that ATA advantages probably the most extremely paid, Makis Keravnos mentioned that critical and substantiated criticisms are welcome, which is why immediately the federal government “says that now we have to weigh ATA with the speed of productiveness and competitiveness of the financial system, but additionally the truth that immediately there’s an unequal distribution of earnings”.
Once more not from guilds
The brand new reviews of the Ministry of Finance on ATA didn’t go unnoticed by the unions, who discovered house to touch upon them within the bulletins on the brand new package deal of measures in opposition to punctuality. Rejecting once more the potential for interlinking the establishment with productiveness.
The PEO reiterated “as soon as once more the necessity to totally restore the ATA and lengthen it for all employees, as a mechanism to revive the lack of wages attributable to precision and inflation”, including on the identical time that “the place that even immediately it repeated the Minister of Finance, not solely doesn’t result in this however results in the erosion of ATA”.
In its personal announcement, SEK commented on the Authorities's place on ATA, clarifying “as soon as once more that ATA is a crucial profit that comes from collective labor agreements and can’t be linked to the productiveness and competitiveness of the financial system” .
We remind you {that a} social dialogue will probably be held for ATA, as the brand new settlement reached final yr, which raised its fee charge to 66.7% of the rise in inflation (from 50% that utilized beforehand), is transitional and ends in June 2025 With the goal, as said within the settlement, till then there will probably be a social dialogue for an entire and everlasting settlement. In any other case, the transitional settlement will proceed to use.
Nevertheless, primarily based on the positions of the Ministry of Finance, which is able to clearly discover a response from the employers' sides who’re additionally pushing for adjustments to the establishment or its abolition, the dialogue that will probably be held beneath the auspices of the Minister of Labor will clearly not be simple.
