Public Workers In Hungary Protest Pay Cuts, Possible Layoffs
Gathering in pouring rain outside parliament, they demanded a 4% pay increase and opposed plans to eliminate an end-of-year bonus, known as the 13th month, equal to a month's salary.
Labor unions are threatening a strike on Jan. 12 if the government fails to respond to the demands.
Hungary introduced austerity measures, including a freeze on public-sector wages, after it sought help from the International Monetary Fund, the European Union and the World Bank in the midst of the global financial crisis.
The combined EUR20 billion lifeline requires the Hungarian government to sign up to a series of measures to cut spending and put its fiscal house in order.
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(END) Dow Jones Newswires
November 29, 2008 09:43 ET (14:43 GMT)
Publié le 29 novembre 2008 Copyright © 2008 Dowjones
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