Employers React to Unions' Minimum Wage Demands

Trade unions in Cyprus are pushing for an increase in the minimum wage and are expected to submit a memorandum to the President. In contrast, employers appear to be strongly reacting to the request, deeming it unjustified and expressing concern about the stability of the tripartite cooperation. Employers question the need for continuous changes to the minimum wage decree and express their disappointment with the potential development. This disagreement highlights the different priorities and concerns of the two sides regarding economic policy and labor relations in Cyprus.