The Malta Chamber is currently coordinating the Malta’s employer bodies’ effort, to propose solutions to Government on how businesses can be compensated for the introduction of the electoral promise tied to public holidays that fall on a weekend.
The discussion currently taking place with the Office of the Prime Minister and the subsequent proposals being made to government are meant to mitigate the considerable affect this measure is expected to have on the competitiveness of Malta-based businesses.
The effort is being coordinated by the Malta Chamber together with the remaining employer bodies, namely the Malta Employers Association, the Malta Hotels and Restaurants Association and the GRTU.
The employer organisations still oppose the proposal in principle as they maintain that Malta’s current growth must not be taken for granted. The country must remain cognisant of the increased operating costs combined with the loss of productive days which are most detrimental to Malta’s competitiveness and further economic growth.
The proposals are being designed in such a way that the compensation will ultimately result in a cost neutral balance for businesses, to protect the country’s competitiveness.
Talks are ongoing.