Wage increase will increease layoffs – business group

A wage increase in the current economic slowdown would impact businesses, create layoffs and lead to bankruptcies says the National Council of Private Enterprise (Conep),

Julio De La Lastra, president of the Council said on Tuesday, December 17 that the position of the sector is based on the fact that the adjustment to the salary would have repercussions on the existence of jobs and companies if the decision is not handled in a balanced way, reports Newsroom Panama.