Guatemala: Wages Adjusted to Productivity
The textile industry presented an economic proposal of salary increases through a productivity bonus.
Thursday, September 10, 2009
Such proposal would increase the daily salary to $8.41 (Q70) via a productivity bonus.
While the Investment and Employment Law Project is still waiting in congress, the new Minister of Economy announced that they are preparing a "plan B" to maintain incentives for the productive sector.
Although the 2011 figures showed an increase of 13.5%, the sector is losing productive capacity, producing only a third of what was manufactured in 2001.
Efforts are growing to minimize the impact of the possible signing of the Trans-Pacific Partnership Agreement, and a tariff reduction program with long deadlines for sensitive products has been proposed.
The Garment and Textiles Commission (Vestex) will begin to approach the Tripartite Commission in order to reach a consensus on the approval of the salary increase based on productivity.
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