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FINANCIAL NEWS
Tunisia’s labor union to raise wages for 1.5mn workers
12 Mar 2017
(MENAFN) Tunisia’s major labor union and largest industry association confirmed to raise wages for almost 1.5mn private sector workers in order to reduce social tension.
Additionally, the announcement of the 6 percent increase came at a ceremony at the Prime Minister”s office, after weeks of talks between the private business industry group and the UGTT.
Accordingly, the wage hike came at a delicate time for many regional firms aiming to enhance growth after Islamist militant attacks in 2015 that hit the economy hard.
Moreover, the government has imposed an additional corporate tax on all firms of 7.5 percent as part of plans to raise income and reduce its budget deficit.
MENAFN1203201700450000ID1095306579
MENAFN1203201700450000ID1095306579
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