The business and employers group IBEC today said that its members have accepted the terms of the new social partnership agreement, Towards 2016.
“The pay terms are at the higher end of what is appropriate for the Irish economy,” said IBEC director general Turlough O’Sullivan.
“However, business and employers have agreed to the programme on the grounds that it will deliver stable economic development, industrial peace, real reform in the public sector, increased productivity and practical measures to assist the manufacturing industry.
“The programme sets out the agenda for the effective development of the enterprise sector, which has delivered our recent social and economic progress. IBEC will be seeking an early meeting with the Taoiseach and senior ministers to agree an action plan to deliver this agenda.
“Business is determined to honour its commitments and expects the other parties to the agreement to do the same. Ireland will remain competitive and prosper only if the public sector and the unions are prepared to embrace change.
“The Government has committed itself to ensuring a flexible, proportionate and up to date regulatory environment for business. Business will also be looking to ensure that the Government takes decisive action to tackle rising inflation and control Ireland’s rising cost-base.”