Labour Minister Yiannis Panayiotou will present a solution framework for the cost-of-living adjustment (CoLA) dispute during Friday’s meeting with employer and trade union organisations, according to sources.
The minister aims to establish dialogue on concrete foundations and seek a mutually acceptable resolution to the ongoing labour dispute over automatic cost-of-living adjustments, sources told Phileleftheros.
The proposed framework does not fully satisfy either party’s complete demands but could gain acceptance with goodwill and appropriate conditions, according to the sources.
Framework seeks middle ground between competing demands
The minister’s intervention follows prolonged negotiations between employers and unions over cost-of-living adjustment mechanisms, with both sides maintaining firm positions on key demands.
Details of the specific proposal remain undisclosed ahead of Friday’s scheduled discussions between the three parties.
Government sources indicate the framework represents an attempt to bridge differences through compromise rather than meeting all stakeholder requirements for automatic salary adjustments tied to inflation.
Union strike looms over ongoing negotiations
The question remains whether trade unions will accept continued dialogue based on the proposed framework or proceed with announced strike action.
Unions have previously indicated willingness to implement industrial action if negotiations fail to produce satisfactory outcomes on cost-of-living protections for workers.
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