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Lithuanian employers' organizations say they will commit not to reduce wages during the crisis if the parliament approves President Gitanas Nauseda's initiative to cut the personal income tax rate to 15 percent, from 20 percent, and increase the non-taxable income threshold by 50 euros.
Lithuania's Tripartite Council, uniting the government, some employers and trade unions, on Monday failed to agree on increasing the minimum monthly wage as of next year.
Lithuania's Tripartite Council, which brings together representatives of the government, some employers and trade unions, on Monday is to resume discussion on raising the minimum monthly wage next January.
Lithuanian economists and trade union officials say that the government's planned tax and pension system reform unveiled on Monday will lead to a rise in wages, but will not help to drastically curb emigration.
