Thursday 23 September 2021

Minimum Wage Negotiation Begins in Panama

The union sector aims for a minimum wage of US$1,040 by 2020, but employers say the current economic situation does not lend itself to substantial increases.

Paying the bills

Latest

Why the billions in English are not like the billions in Spanish

What amount would you prefer to have saved in...

Health confirms 15 cases of malaria on the border with Nicaragua

QCOSTARICA - An outbreak of 15 people positive for...

Conditions worsen for Haitian migrants on US-Mexico border

Q24N - Conditions are deteriorating in a camp on...

Costa Rica, Panama and Dominican Republic seek a solution for Haiti

QCOSTARICA - Costa Rica President Carlos Alvarado, Luis Abinader...

Mexico finds a Latin American ally in Venezuela’s Maduro

Q24N - The recent summit of the Community of...
Paying the bills

Share

Workers, employers and government representatives in Panama are discussing adjustments to the minimum wage, the changes to which must come into effect on January 1, 2020, the union sector aiming for a minimum wage of US$1,040, but employers say the current economic situation does not lend itself to substantial increases.

Genaro Lopez, general secretary of the National Confederation of Trade Union Unity (Conusi), told Laestrella.com.pa that “… According to our economists, the household that does not receive US$1,040 cannot satisfy its basic needs. In addition, this would be an orientation for the new salary to be at least in that figure.”

- Advertisement -

Severo Sousa, former president of the National Council of Private Enterprise (Conep), explained that “… the sector does not disagree with an increase, rather they do not support the excessive income that is not in accordance with the current reality. We have become accustomed to an increase in salary; however, the law does not establish that it should be increased, but rather talks about revising it. The country’s current economic situation does not lend itself to further increases.”

The minimum wages that are in force in the country are differentiated, and for the years 2018-2019 were set at US$721 for Region 1 and US$563 for Region 2.

For more Panama news visit TodayPanama.com

- Advertisement -
Paying the bills
Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Costa Rica, Panama and Dominican Republic seek a solution for Haiti

QCOSTARICA - Costa Rica President Carlos Alvarado, Luis Abinader Corona of...

Group charged migrants US$22K to get them to the United States.

QCOSTARICA - A Costa Rican-Panamanian criminal structure charged migrants of 13...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.