Employers say COLA on track for increase of around €6, a huge drop on last year

Wages are on track to increase by a minimum of €5 to €6 per week next year, marking the lowest cost-of-living adjustment in recent years, according to the Malta Employers Association.Every year a cost-of-living (COLA) adjustment is awarded to compensate for inflation over the previous year. It is worked out on a fixed formula based...