In a press release issued on Thursday, the union said they would explain their position regarding the tripartite agreement to the commission.

The OGBL said they were prepared to meet commission members to explain why they refused to sign the agreement.

Their primary objections focused on the eight-month delay of indexation until April 2023, which the union warned could form a dangerous precedent and potentially see indexation definitively lost if inflation continues at such high levels.

The union also said many of their constructive proposals had been brushed aside by the government during negotiations. They regretted there had been no  discussion relating to adapting the tax scale to inflation or even to other sources of tax revenue for the State.

The OGBL added that the packages agreed would provide aid to companies, at the cost of citizens' purchasing power, calling it a "vast reverse redistribution operation, from bottom to top". The tax credits also were deemed insufficient in compensating for the loss of purchasing power and the indexation delay.