Business confederation warns of “potentially explosive situation”

Business confederation proposes 4.8% salary increase

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