Ireland slashes minimum wage in austerity plan

Frawley, Martin
December 2010
People Management;12/9/2010, p10
The article reports on the plan to reduce the national minimum wage in Ireland by one euro per hour to 7.65 euros in order to remove barriers to employment creation in 2010, based on the national recovery plan of the government. The bailout loan from the International Monetary Fund (IMF) and the European Central Bank is said to be underpinned by the plan. The plan is also used to announce a review of the joint labour committee system. The reduction is set to coincide with welfare reform.


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