Employers warn of overregulation; unions back reform but seek clarifications

Cyprus moved a step closer this week to adopting a long-delayed EU directive on adequate minimum wages, as the updated draft law was presented to social partners, with key disagreements between employers and unions still unresolved.

The proposed Adequate Minimum Wages Law of 2025 aims to improve living and working conditions by ensuring that statutory minimum wages are sufficient to secure a decent standard of living, contribute to upward social convergence and reduce wage inequality.