Tunisia Faces New Crisis With Fuel Transport Worker Strike
(Bloomberg) -- Fuel transport workers in Tunisia began a three-day strike to demand a long-promised pay increase, heaping a new set of challenges on the North African nation's cash-strapped government.
Overnight discussions with the government failed to reach an agreement, Al-Moncef bin Ramadan, head of the transport workers syndicate at the country's most powerful labor group, the UGTT, said by phone on Thursday.
Prime Minister Youssef Chahed had a day earlier sought looked to quell sporadic protests in the country that gave birth to the Arab Spring uprisings by raising the minimum wage for industrial and agricultural sector employees and private sector pensions by 6.5 percent.
Cash-Strapped Tunisia Exhales With Delayed IMF Loan on the Way
Tunisia, the lone country to emerge from the 2011 Arab revolts with a strengthened democracy, has failed to deliver major gains in its economy. The government has been under pressure from the International Monetary Fund and others to cut spending -- fueling tensions with powerful unions seeking increases in wages.
The fuel transport workers' union had demanded the government implement previously agreed monthly salary and benefits increases of 300 dinars ($100).
Raising government spending is difficult for Tunisia, which is still waiting for the IMF's board to meet and approve the release of the latest installment of the fund's $2.9 billion loan to the country, secured in 2016.
To contact the reporters on this story: Tarek El-Tablawy in Cairo at teltablawy@bloomberg.net;Jihen Laghmari in Cairo at jlaghmari@bloomberg.net
To contact the editors responsible for this story: Alaa Shahine at asalha@bloomberg.net, Tarek El-Tablawy, Mark Williams
©2019 Bloomberg L.P.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.