Central Bank chief issues strong call for wage cuts

The new governor of the Central Bank has issued a strong call for wage cuts as a means of protecting employment.

Central Bank chief issues strong call for wage cuts
Tue, 13 Oct, 2009 - 12:32

The new governor of the Central Bank has issued a strong call for wage cuts as a means of protecting employment.

Speaking at an ESRI conference in Dublin this morning, Patrick Honohan said retaining wage competitiveness to ensure maximum employment should be a key priority for the country, even if it means cuts to nominal wages.

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