ECONOMY

Marriage benefits come to end

Thousands of private sector employees stand to suffer a new cut of 10 percent to their salaries as of Monday, as employers will no longer be obliged to pay marriage benefits that the collective labor contract had provided for.

The most recent National General Collective Labor Contract expires on Sunday, so employers who signed onto it and are bound to its terms will be able to slash salaries further as of April 1.

The same applies to a number of other provisions concerning fewer employees.

The marriage allowance amounts to 58.61 euros per month for those on a minimum gross salary of 586.08 euros and will be cut unless a new collective contract is signed within the month. It is not clear how many employees will be affected, as the allowance can only be claimed by employees earning up to a certain amount.