Tag Archives: Salaries
The Cabinet finally passed another salary increase package Wednesday, despite the strong reservations of Labor Minister Charbel Nahhas, who threatened at one point not to sign the new agreement.
The private sector will stick to an earlier agreement reached with the General Labor Confederation on wage increases irrespective of a Shura Council verdict concerning last week’s government decision on the issue.
Lebanese Cabinet signed off on a long-awaited wage increase decree Wednesday, hiking minimum wage by LL100,000 to LL600,000, salaries under LL1 million by 30 percent up to a LL200,000 increase, and salaries above LL1 million by a 20 percent increase up to LL275,000.
BEIRUT: Central Bank Governor Riad Salameh said Friday that Lebanon’s inflation rate would climb with any wage hike, adding that a recently abandoned proposal for increasing salaries would have drive inflation up to 10 percent from the current 6 percent, in remarks cited by his office in Beirut.
Hundreds of businessmen, industrialists and merchants gathered Thursday at BIEL’s Pavillon Royal to voice their total opposition to any attempt to raise the salaries beyond the means of the struggling private sector.
Merchants and employees expressed displeasure Wednesday with the Cabinet’s decision to raise salaries, arguing that authorities should have instead addressed soaring prices in the country.
An eleventh-hour deal that saw the Lebanese government raise wages and increase benefits averted what had promised to be the largest general strike in the country’s history but drew an angry response from the private sector.
Information Minister Walid Daouk announced the Cabinet decisions: Afterseveral meetings with the GLC and the committees, PM Miqati decided to