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Wage cuts News

Greek austerity package agreed with Troika to secure bail loan

Athens - Greek politicians have finally reached an agreement on new austerity measures demanded by the Troika in order to secure the 130 billion Euro loan needed to prevent a disorderly default in March.

In the Media by Katerina Nikolas - 1 comment

Wage Cuts at Delphi Equal Bonus for Corporate Exec

Delphi corp. previously Packard Electric in Ohio, is facing chapter 11 bankruptcy, wage cuts and buy outs for workers, and one large bonus for the man who "turned around" the failing company.

In the Media by Samantha A. Torrence - 4 comments

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Greek unions hit back at minimum wage cuts

Greece's largest unions plan protests and a work stoppage, as the crisis-hit country's coalition government presses ahead with wage cuts and other austerity measures.

No split among players - McCoist

Ally McCoist says his Rangers players are united in their attempt to agree wage cuts that will prevent severe redundancies.

Rangers redundancy talks resume

Rangers' administrators continue talks at the club's training ground in an to secure a wage-cut deal with players and staff.

Rangers agree cost-cutting plan

Rangers' administrators have confirmed players and management have agreed a wage-reduction deal that secures jobs at the club.

VIDEO: Inflation: Family 'cutting back on meat'

The rising cost of living has slowed to 3.6% but prices are increasing at almost twice the rate that wages are, leaving many people struggling with the cost of living.