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Hungary To Stop Consulting Unions On Minimum Wages
Automated Trader ^ | 31 May 2011 | dow jones

Posted on 05/31/2011 3:44:24 AM PDT by Cronos

Hungary's government will change its current practice and start setting the rate of minimum wages without consulting trade unions nor employers' representatives, state news agency MTI's Econews service said Tuesday. Econews cited a draft bill from the government submitted to parliament Monday.

The proposed bill drops the government's current obligation to stipulate a minimum wage based on consultations with the National Interest Coordination Council, or OET.

The OET--which is currently the forum that provides national wage recommendations and the minimum wage--comprises representatives of several trade unions, employers and the government, as one of the largest employers.

The government's bill also suggests the creation of a new organization, the National Economic and Social Council, or NGTT, which would replace the existing interest coordination bodies, Econews said.

The NGTT would comprise academics, church representatives and civil organizations, in addition to representatives of employers and employees.


TOPICS: Business/Economy
KEYWORDS: hungary

1 posted on 05/31/2011 3:44:28 AM PDT by Cronos
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To: Cronos
I remember when even the New York Times was against minimum wages. Guess I’m getting old…
2 posted on 05/31/2011 4:03:19 AM PDT by cartan
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To: Cronos

Many European governments are watching the events in Greece and how the unions are holding an entire nation hostage.

This is causing some to reconsider their heavily pro-union stance.


3 posted on 05/31/2011 4:56:48 AM PDT by Erik Latranyi (Too many conservatives urge retreat when the war of politics doesn't go their way.)
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