Friday 18 June 2021

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),

Any adjustment to the salary at this time will impact operations and increase layoffs says head of business group

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.

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Article first appeared at Today Panama, click here to go there

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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.

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Article first appeared at Today Panama, click here to go there

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