BR100 Decreased By (-0.34%)
BR30 Decreased By (-0%)
KSE100 Decreased By (-0.23%)
KSE30 Decreased By (-0.3%)
AGHA 7.75 Increased By ▲ 0.06 (0.78%)
BECO 5.30 Decreased By ▼ -0.01 (-0.19%)
BML 60.70 Decreased By ▼ -0.53 (-0.87%)
BOP 36.47 Increased By ▲ 0.47 (1.31%)
CNERGY 11.61 Increased By ▲ 0.36 (3.2%)
CSIL 6.24 Increased By ▲ 0.07 (1.13%)
FCCL 57.40 Increased By ▲ 0.52 (0.91%)
FFL 16.57 Increased By ▲ 0.06 (0.36%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.35 Decreased By ▼ -0.07 (-0.94%)
KOSM 6.09 Increased By ▲ 0.04 (0.66%)
LOTCHEM 27.15 Decreased By ▼ -0.05 (-0.18%)
MLCF 101.65 Decreased By ▼ -1.44 (-1.4%)
NBP 206.39 Decreased By ▼ -1.24 (-0.6%)
NCPL 63.29 Increased By ▲ 1.37 (2.21%)
NPL 72.49 Increased By ▲ 0.31 (0.43%)
OGDC 319.73 Increased By ▲ 1.24 (0.39%)
PACE 11.06 No Change ▼ 0.00 (0%)
PAEL 43.74 Decreased By ▼ -0.64 (-1.44%)
PIBTL 16.85 Decreased By ▼ -0.05 (-0.3%)
PPL 221.80 Decreased By ▼ -0.68 (-0.31%)
PRL 63.87 Increased By ▲ 0.06 (0.09%)
PTC 73.02 Decreased By ▼ -0.14 (-0.19%)
SSGC 27.23 Decreased By ▼ -0.02 (-0.07%)
TBL 9.80 Decreased By ▼ -0.08 (-0.81%)
TELE 8.69 Decreased By ▼ -0.12 (-1.36%)
TPL 20.24 Decreased By ▼ -0.10 (-0.49%)
TPLP 14.93 Decreased By ▼ -0.04 (-0.27%)
TREET 24.00 Decreased By ▼ -0.10 (-0.41%)
TRG 62.90 Increased By ▲ 0.53 (0.85%)

Italy's biggest trade union, the CGIL, on Sunday called for a general strike against the government's new austerity plans. Union chief Susanna Camusso, speaking in the daily La Repubblica newspaper, said the CGIL (Italian General Confederation of Labour) would hold a meeting on August 23 to fix a date for the strike.
"I can't see any other way to oppose the iniquity of this austerity plan," she added. Italy's cabinet on Friday approved a 45.5-billion-euro ($64.8-billion) austerity package of spending cuts and tax hikes that Prime Minister Silvio Berlusconi said was due to pressure from Finland, Germany and the Netherlands.
The draft measures - which must still go before parliament for final approval expected early September - include a new tax on high earners and deep cuts to local government and cabinet costs. They seek to assuage jittery markets by returning Italy to a balanced budget in 2013 instead of 2014 as previously planned, and come on top of a 48-billion-euro package agreed in July when Rome first came under pressure.
CGIL secretary general Camusso said that after the extraordinary meeting of the union's leader next week to fix a date for a general strike the proposal will go out to fellow unions to join the industrial action.
She warned that the government's fiscal plans would hit economic growth.
The plans also favour a liberalised economy, privatisations and make it easier for employers to hire and fire.

Copyright Agence France-Presse, 2011

Comments

Comments are closed for this article.