Minister of Labour, Kyriakos Kousios, will hold a meeting on the cost-of-living adjustment (CoLA) on Monday, with representatives from the Cyprus chamber of commerce (Kebe) and the employers and industrialists’ federation (Oev).

The minister of labor’s is hoping to find common ground between social partners, trade unions and the employer organisations.

Next Thursday, the minister will meet jointly with both employers and trade unions to continue the debate.

The government is not discussing the abolition of CoLA, Kousios has repeatedly stated, clarifying as well that his role in the matter is purely that of mediator.

The unions, who threatened strike action over the issue last week, are asking for a full restoration of CoLA instead of the current 50 per cent, while the employers’ organisations consider that CoLA should be scrapped.