Tuesday, July 1, 2014

Public sector workers in St. Lucia asked to take pay cut

Prime Minister Kenny Anthony of St Lucia has told public sector unions in that country that their members should take a 5% wage cut and a wage freeze after, among a series of measures, to aid the debt-wracked economy; otherwise, he’s warned, retrenchment will follow.  Mr. Anthony told his countrymen that despite the significant cuts proposed in this year’s budget, the government was still facing a financing gap of  205 million EC dollars.  
He said the Ministry of  Finance had supplied three options to close the gap, combining cuts in wages and retrenchment of 495 to 990 public servants.      
He asserted that his government was against retrenchment and therefore had made the proposal to public sector unions.  


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Public sector workers in St. Lucia asked to take pay cut