Yiannis Panayiotou has submitted a positive proposal on the Cost of Living Allowance (CoLA) dispute, Politis sources say, as the Labour Minister is seeking to break the deadlock at the last gasp and prevent strike action tomorrow, even as union leaders and employers maintain their positions.
In his attempt to compromise the approach of all social actors, Panayiotou is proposing an all-round CoLA extension to the private sector. This however is causing strong reaction by employers and does not address labour unions' demand to restore it at 100%.
For the deadlock to be lifted, both sides must shift their rhetoric, Politis sources note, taking the positives from the proposal.
As the Labour Minister argues, employers’ organisations must understand that the CoLA extension will benefit private sector employees that are not part of the system and those most affected by the price hikes.
On the other hand, unions should also appreciate the fact that Panayiotou was willing to submit a proposal that does not satisfy employers, as he tries to seek a solution.
“CoLA for all those affected by price hikes”, is the minister’s message on the way forward.