Labour Minister Yiannis Panayiotou has condemned the recent 5 per cent price increase announced by concrete manufacturers, describing it as unprecedented, unjustified, and driven by profiteering motives. Speaking on CyBC’s morning programme Proino Dromologio , Panayiotou clarified that the revision of the sector’s collective agreement aimed to address economic growth and rising living costs for workers, without any justification for passing on the minimal wage increases to consumers.
Panayiotou explained
