Portugal’s Business Confederation (CIP) is prepared to negotiate a Social Pact with unions that could include an increase in salaries of 4.8% for employees.
The president of CIP, Armindo Monteiro, has remained tight-lipped over the complete range of measures, but has stressed that the CIP is open to discussing pay packet increases of 4.8%, or over, if the right conditions are created.
On September 18, CIP met with members of the government, including the ministers of Finances, Labour and Economy,to discuss the Social Pact proposed.
Source: Essential Business
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