15 thousand laid off in Honduran Bread Making Industry

The Association of Bakers announced that the sector is preparing to lay off 15,000 workers because they can absorb the increase in minimum wages.

Friday, January 9, 2009

According to latribuna.hn "After a meeting of business owners from the sector, it is estimated that each bakery has an average of 70 to 75 employees of which 10% will have to be fired, for a total of 15 thousand persons.

Many bakeries will be forced to close their operations because they are not able to support the salary increased ordered by the government.

More on this topic

ILO expects more unemployment in the region

January 2009

According to the latest report from the International Labour Organisation (ILO) less jobs will be created in 2009 due to the economic crisis.

Elnuevodiario.com.ni reports: "With growth forecasts of between 2% and 3% compared to the 5% average for the last five years, "the generation of jobs will be not be enough to meet the demand for labor and, hence, the levels of unemployment will probably increase" in the region, according to the Labor Panorama 2008 report".

Want More Unemployment? Increase the Minimum Wage

March 2015

Trade unionists who promote it, the officials who estimate it, the rulers who decree it, are not part of the legion of unemployed who surely would work for less than the official minimum wage.

EDITORIAL

The unemployed have no voice, in principle because they do not pay a sindical fee, and if they did have one, they would not raise it, because it feels devoid of the dignity necessary to do so, because they are used to adopting a very humble position in job interviews. Nothing further impoverishes the human spirit that lack of gainful income of one form or another.

Construction Still Lagging in El Salvador

November 2010

The construction sector has failed to retrieve the 15 thousand jobs it lost since September 2008.

The Salvadoran Chamber of Construction (CASALCO) projected for this year that the industry will close with negative growth of 3%.

CASALCO Executive Director noted that this year, besides the lack of private sector investment, there was almost no public investment projects implemented.

The Poor Have No "Acquired Rights"

November 2011

As unemployment rises and poverty increases, the Costa Rican Minister of Finance has declared "urgent" the payment of bonuses to central government officials.

EDITORIAL OPINION

If you are an official in the central government of Costa Rica, your bonus this December will average 15.6% higher than 2010.

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