Romania -Romania set to raise public sector wages to pre-austerity levels -May 6, 2012

After an IMF statement allowing Romania to ease its austerity policies, the new leftist government has announced the 25% pay cut for public sector workers will gradually be undone. As of June, salaries will be increased by 8% and go on to a 15% increase in the following months. In combination with other recent increases, this raises the salaries to pre-austerity levels. Public sector unions have claimed that the real lost income amounts rather up to 40% than 25%, due to foregone bonuses and allowances than have not and will not be restored.

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