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💸 ELDERLY TO RECEIVE €26.6 MILLION BONUS THIS WEEKEND

✅ This weekend, two social benefits totalling €26.6 million will be distributed to 54.445 people.
→ The Ministry for Social Policy announced that the bonus for those not qualifying for a contributory pension and the Grant... for the Elderly will be paid out in the coming days.

✅ A key change in the pension bonus is that from this year, the rate is linked to the number of contributions made; more contributions result in a higher bonus.
→ This bonus is paid to individuals with less than 10 years of contributions, ranging from €550 for one year of contributions to €1.000 for people who have paid up to nine years.
→ This marks the seventh improvement to the bonus rate since its introduction in 2015, with 13.216 senior citizens, mostly women, receiving over €10 million.

✅ Social Policy Minister Michael Falzon stated that the government has already implemented 24 of the 45 social measures from the 2025 Budget within the first five weeks of the year.
→ The Elderly Grant will benefit 41.329 individuals, amounting to €16.5 million, with those aged 75 to 79 receiving €350 annually, and those over 80 receiving €450.

Read the Article! 👇
https://timesofmalta.com/article/elderly-benefit-total-bonus-266-million-weekend.1104893

💸 SALARY TRANSPARENCY FOR WORKERS NEXT YEAR

✅ Malta must transpose the EU Pay Transparency Directive into national law by June 2026, with the first pay gap report due by June 2027.
→ The directive was discussed at a two-day conference hosted by Eurocadres in collaboration with ...the General Workers' Union.
→ "Employers must see pay transparency as a necessity for a fair workplace," said GWU General Secretary Josef Bugeja. "Governments must ensure strong enforcement, while trade unions lead in informing and empowering workers to claim their rights."

✅ Addressing the conference, Parliamentary Secretary for Social Dialogue, Andy Ellul, stated that the Pay Transparency Directive is a vital step toward workplace equality.
→ He noted that employers will be required to inform jobseekers about salaries and pay ranges and take corrective actions as needed.
→ Jobseekers will also have the right to request average pay information for similar roles. Larger companies with over 250 employees must report annually on their gender pay gap.

✅ The social dialogue official and the Eurocadres leader reiterated their support, adding further comments on the matter.
→ Ellul stated “This will not only promote equality but also reinforce the principle that ‘work of equal value deserves equal pay’,".
→ Eurocadres President Nayla Glaise emphasised this text "should reach as many workers and workplace as possible".
→ “We have a great opportunity, it is up to us to seize it,” Glaise added.

Read the Article! 👇
https://timesofmalta.com/article/eu-pay-transparency-directive-adopted-malta-next-year.1104901

💸 FEMALE CARERS EARNED €7.6K LESS THAN MALES IN 2023

✅ In 2023, women in care roles earned €7.622 less than men, with 50.5% of men in higher-paying positions compared to 44.4% of women.
→ This salary gap is attributed more to men in managerial roles, which typically offer ...better pay than lower-paid positions like healthcare aides and teaching assistants.
→ In 2023, women were nearly twice as likely as men to occupy these lower-paying roles (37.7% vs. 19.1%).

✅ According to NSO data, foreign workers in care jobs earned an average gross salary of €27.586 in 2023, €2.649 less than their Maltese counterparts.
→ Nearly half of foreign workers were in service and sales roles.

✅ Care work encompasses the physical, psychological, and emotional needs of adults and children, including various professionals like doctors and childcare workers, according to the Labour Force Survey.
→ The National Statistics Office classifies all roles in health, social work, and education as part of the care workforce, highlighting the importance of domestic workers.

✅ Over the past decade, around 19.7% in 2012 to 19.8% in 2023 of the Maltese workforce has been employed in care, with women significantly outnumbering men.
→ In 2023, women accounted for three times as many care jobs as males, with 32.7% against 10.9%.

✅ Throughout the year, care workers made up 69.8% of the care workforce, providing essential support.
→ Non-care personnel, including administrative staff and cleaners, accounted for over 22%, while 4.3% were care workers in other contexts.

✅ In 2023, 37.9% of women not working referred to family responsibilities, which is significantly higher than the 1.5% of men.
→ The uneven distribution of unpaid care work affects paid employment hours, with part-time work for women decreasing but still at 18.6%, far higher than men's 7.1%.
→ Almost two-thirds of part-time working women cited family reasons, compared to 28.4% of men.

Read the Article! 👇

https://timesofmalta.com/article/female-carers-earned-76k-less-male-counterparts-2023-nso.1104789

💸 MALTA'S WAGE GROWTH RANKS LOW IN EU

✅ Recent Eurostat data shows Malta's minimum wage grew by just 2.9% from January 2015 to 2025, the second-lowest in the EU, following France at 2.1%.
→ In contrast, Romania (+14.1%), Lithuania (+13.2%), Bulgaria (+11.6%), and ...Poland (+10.3%) saw substantial increases.

✅ Malta is one of 10 EU countries with a minimum wage below €1.000 per month, while pay packets across the union range from €551 in Bulgaria to €2.638 in Luxembourg.
→ Besides Luxembourg, only five countries boast minimum wages above €1.500: Ireland, the Netherlands, Germany, Belgium, and France.
→ Six countries have minimum monthly wages between €1.000 and €1.500

✅ Malta performed slightly better when minimum wages were adjusted for price differences, with disparities across the EU deemed “considerably smaller,” according to the report.
→ After adjustments, Malta’s minimum wage exceeded €1,000, reflecting a broader improvement across the bloc, with more countries entering the €1,000 to €1,500 bracket and one additional country surpassing €1,500.
→ However, in comparison to median wage levels, Malta struggled; in 2018, the latest year for which data is available, it was one of six countries with minimum wages below half the median income.

✅ Despite Eurostat data indicating lacklustre growth in Malta’s minimum wage, this trend may shift in the coming years: in October 2023, the government signed a four-year deal with social partners to increase the minimum wage annually.
→ At the time of the agreement, just over 2.000 workers were registered as minimum wage earners in Malta.
→ However, the increase is projected to benefit approximately three times that number, as an additional 4.000 individuals qualifying for in-work benefits will also see a pay rise.

✅ Malta’s minimum wage, measured weekly, rose to €213.54 last year, up from €192.73 in 2023 and €168.01 in 2016.

Read the Article! 👇
https://timesofmalta.com/article/malta-minimum-wage-growth-among-eu-lowest.1104953

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💸 RISING COSTS CUT CONSTRUCTION PROFITS

✅ The construction sector has experienced "profit declines" due to rising material and compliance costs, alongside negative sentiment about future business conditions.
→ According to the Central Bank, construction firms are ...expected to report profit drops in 2023 and 2024 because of these escalating costs.
→ Many firms cannot raise service prices, leading to significant reductions in profits.

✅ Real estate firms reported steady profits in both years, thanks to minimal cost fluctuations, according to the Central Bank.
→ Both sectors face a less optimistic outlook.
→ Firms expect stable economic conditions in the coming months despite challenges from costs, bureaucracy, and regulatory oversight.

✅ Despite high demand for property sales and lettings, the construction sector faces low demand for new projects.
→ Stricter regulations have complicated operations, and worker availability remains an issue.
→ The report reveals that 43% of respondents identify a lack of skilled labour, while another 43% struggle with acquiring customers.

✅ The Malta Development Association noted that property demand is "constantly increasing," stressing the need to address bureaucratic challenges.

✅ Business sentiment for commercial activity in Q4 2024 has dropped to its lowest level since 2021.
→ Just 9% of companies reported improved conditions, a drop of six points from the last quarter and 25 points year-on-year.
→ Expectations for improvement over the next three months dropped to 20%, down 17 points from the previous quarter.

Read the Article! 👇
https://timesofmalta.com/article/construction-hit-decline-profits-amid-rising-costs.1104598

💸 OVER 1000 WORKERS LEFT WAGE-LESS IN 2024

✅ In 2024, the Department for Industrial and Employment Relations (DIER) reported that 675 workers were unpaid, while 379 did not receive their bonuses or weekly allowances.
→ In total, there were 2,225 cases of irregularities, ...including 408 instances of workers missing annual leave and 268 cases where payslips were not provided.

✅ When an irregularity is identified, the DIER mediates between the worker and the employer, urging the employer to comply with the law and pay their workers.
→ If the employer refuses to resolve the issue, DIER may take legal action, with 172 cases brought to court in 2024.

✅ In 2024, there were 1,202 investigations opened, with 552 cases resolved swiftly.
→ As a result, €1.6 million in unpaid wages was returned to workers.
→ The department conducted 107 inspections and interviewed 172 workers. Additionally, it investigated 44 food courier fleet managers, leading to legal action against five.
→ DIER also issued 145 employment agency licences. Notably, 13 new collective agreements were signed, along with 43 extensions of existing agreements

✅ The report highlights efforts to remove five trade unions and two employer associations from the register.
→ Parliamentary Secretary for Social Dialogue, Andy Ellul, noted the government's commitment to enhancing working conditions and Malta's economic success.
→ He stressed that the Malta Labour Migration Policy aims to prevent worker abuse.

Read the Article! 👇
https://timesofmalta.com/article/over-1000-workers-denied-wages-allowances-2024.1104166

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💸 SMEs RAISE PRICES AMID WAGE PRESSURE

✅ Nearly two-thirds (63%) of small and medium companies have reported raising their prices due to employee wages, according to the Chamber of SMEs in its 2024 Business Performance Survey released Tuesday the 28th of January.

✅ The ...responding companies have given multiple causes for the issues they have been facing.
→ Employee shortages are the main issue for companies, with 44% of respondents citing it as a problem.
→ Additionally, 27% of respondents indicated that overpopulation in Malta is a critical concern, making it the third most significant issue reported by companies.

✅ 63% of companies also cite employee wages as the primary driver of price increases.
→ Another significant issue is unfair competition, as Paul Abela, Chamber President, highlights that foreign businesses pay 5% tax while local entrepreneurs face 35%.
→ Paul Abela also noted that worker poaching has significantly contributed to rising wages.

✅ Respondents indicated that 2024 profitability was similar to 2023, despite a slight rise in turnover.
→ A quarter of companies said business was more profitable than the previous year, matching last year's figure.
→ However, the percentage of businesses reporting unchanged profits rose from 34% in 2023 to 41% in 2024.

✅ The percentage of companies reporting reduced profitability has decreased from 40% to 31%.
→ Around a third of respondents noted their total turnover remained stable, while a quarter reported a decline.
→ 53% of the respondents indicated decreased sales due to reduced customer spending, and 48% cited increased competition as a contributing factor.

Read the Article! 👇
https://timesofmalta.com/article/majority-small-medium-companies-raised-prices-due-wages-survey.1104351