Friday, September 28 08:47:34
The Construction Industry Federation is to seek Labour Court approval for a 20pc cut in pay rates. The CIF says tender prices have dropped by 30pc since the economic downturn began but that wage costs have not reduced in line with that reduction. At the beginning of 2011 an agreement between the CIF and unions led to a 7.5pc cut in wages for construction workers.
However, the CIF says further reductions are needed to try and prevent more job losses and improve competitiveness. In addition to the 20pc pay cut for all construction workers, the CIF is also proposing that new entrants start on the statutory minimum wage. They are also seeking changes to overtime, travel and subsistence payment agreements.