GWU welcomes government statement on Cola

The General Workers' Union has welcomed Finance Minister Tonio Fenech's statement that no unilateral action on the cost of living adjustment (Cola) would be taken but any changes had to be agreed upon between the social partners. The union said that...

The General Workers' Union has welcomed Finance Minister Tonio Fenech's statement that no unilateral action on the cost of living adjustment (Cola) would be taken but any changes had to be agreed upon between the social partners.

The union said that the mechanism of how Cola was calculated had been agreed upon by the social partners and also calculated the effects of burdens companies could suffer.

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