February 7, 2009

Workers to combat debt in Ireland

Story link: Workers to combat debt in Ireland

Workers will be now combating debts in a different way to simply paying them off when they think they have the spare cash.
Around 350,000 workers will have a percentage of their wage bill slashed in an effort to decrease the amount of deficit.

Workers to combat debt in Ireland

Lawmakers backed a government plan Thursday to begin deducting about 7 percent from the paychecks of 350,000 workers — Ireland’s most aggressive move yet to combat a swelling deficit.
Finance Minister Brian Lenihan told Dail Eireann, the Irish parliament, that the new charges were essential to help reverse Ireland’s debt crisis and reassure international markets that Ireland is not in danger of defaulting on loans.


 

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