Thursday, May 27, 2010

European Nations Cutting Public Sector Jobs & Benefits

Public sector workers in several European countries have been taking to the streets after several governments went public with plans to raise the retirement age, slash wages, and cut benefits.

In Spain, President Zapatero announced a 5 percent reduction in public-sector salaries. This is in addition to a previous announcement that the retirement age would be raised from 65-67.

In Great Britain, the new coalition government announced that $8.7 billion in civil service jobs will be eliminated.

Read more here:

As is pointed out in the linked article, civil servants in the United States, such as myself, are still paid lower than their private sector counterparts.

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