Honduras: Businessmen Opposed to Retroactive Wage
The Honduran Council of Private Enterprise (Cohep), reiterated that they are unable to pay a retroactive wage adjustment.
Thursday, October 14, 2010
Santiago Ruiz, president of Cohep, told La Tribuna, "What is there to negotiate is an adjustment for 2011; we suggest a meeting and try to advance in what the minimum salary should be in order to have something predictable for the next three years."
The country's private enterprise council (Cohep in Spanish) has indicated that new legislation does not require them to retroactively apply the increase in the minimum wage.
In the absence of agreements at negotiating tables between employers and employees, the President approved the increment.
The Honduran Private Sector Council is not ready to accept the proposal for an immediate minimum wage increase for workers of $291 (5500 Lempiras).
Businesses are warning that raising the minimum wage to a level higher than proposed will make the prices of goods and services more expensive, generating inflation.
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