Economy

Speaking ahead of the increase to the minimum wage by 80 cents to €13.50 an hour, the Irish Congress of Trade Unions general secretary, Owen Reidy said: “Around 200,000 low-paid workers will be starting the New Year with a pay rise of 6.3%. A full-time minimum wage worker will now earn an extra €30...

The Private Sector Committee of the Irish Congress of Trade Unions has unanimously agreed to recommend unions organising workers in the private sector should seek pay increases of between 4% and 7%, where affordable for 2025. They should also seek to improve the position of lower paid workers...

As part of Budget 2025, Cabinet approved the Low Pay Commission recommendation that the appropriate rate of the minimum wage for 2025 is €13.50 from January 1st – an 80 cents (6.3 per cent) increase on the current €12.70 hourly rate. Welcoming the decision, Irish Congress of Trade Unions general...

Budget 2025 is fiscally irresponsible. We are using potentially transitory corporation tax receipts to fuel a pre-election giveaway. This decision risks pushing higher taxes onto younger and future workers and it simultaneously undermines our capacity to improve public services in the future. It is...

Budget 2025 needs to be a budget that helps us build towards a sustainable, prosperous and inclusive budget for all. We want to avoid the booms and busts that have caused such pain in the past. The recent crises have showed that public services, good employment, and the broader welfare state are the...

Government will today (Tuesday) table an amendment to social welfare legislation that will increase the point at which an employer has to pay a full social insurance contribution on their employee’s wage. Irish Congress of Trade Unions general secretary Owen Reidy said: "Government’s amendment to...