(MENAFN) Tunisia's major labor union and largest industry association confirmed to raise wages for almost 1.5mn private sector workers in order to reduce social tension.
Additionally, the announcement of the 6 percent increase came at a ceremony at the Prime Minister"s office, after weeks of talks between the private business industry group and the UGTT.
Accordingly, the wage hike came at a delicate time for many regional firms aiming to enhance growth after Islamist militant attacks in 2015 that hit the economy hard.
Moreover, the government has imposed an additional corporate tax on all firms of 7.5 percent as part of plans to raise income and reduce its budget deficit.
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