Guatemalan textile companies seeking salary based on productivity
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.
Tuesday, January 27, 2009
Prensalibre.com reports: "The companies are not allow to increase the minimum salary of their workers," lamented Alejandro Ceballos, president of the Garment and Textiles Commission (Vestex).
The 30% contraction in exports during the month of January affected the workforce directly with a reduction of 18,000 jobs.
Guatemala's textile industry is changing from exporter of finished products to one that provides raw materials to manufacturers in other Central American countries.
Businessmen point to negative effects due to the measure, such as the loss of competitiveness because of cheaper labor in neighboring countries such as El Salvador, Nicaragua and Guatemala.
The transfer of three Korean operations operating in the country and an uncertainty in fiscal terms for the new period, have kept the sector in suspense.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar