Seitan: Public wages could fall 30-50% next year

Minister of Labor, Mihai Seitan said public sector wages would drop 30-50% in 2011, if the austerity measures put in place by the Government failed, and that it would be very likely to see 70% cuts if public sector payroll wasn’t reduced.

“Public wages could drop in 2011 as well, even by 70% if we don’t take these measures now. If the austerity measures fail, the government collapses”, said Seitan as quoted by NewsIn.

The Minister of Labor said that in order to meet IMF targets, the Government would have to lay off around 70,000 workers from the public sector. As for pensions, Seitan added that without a 15% cut, the country would have needed another €800 million.


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