Ibec takes aim at minimum wage hikes as it calls for pause on ‘excessive’ labour cost increases
Business representative group said that recent labour market reforms will increase the annual wage bill of Irish businesses by €4 billion
Ibec has called on the government to pause what it described as “uncoordinated and excessive labour cost increases,” saying that recent reforms will increase the annual wage bill of Irish businesses by €4 billion.
In a letter to the government, the business representative group took aim at the recent €1.40 increase to the minimum wage, and criticised the raft of additional charges imposed on businesses in short succession.
Danny McCoy, Ibec chief executive, said that while the economy is in a positive position, businesses’ margins are being chipped away at continuously, and that recent reforms mark the “biggest single change in Irish labour market policy in decades”.
