Minimum Wages Law to be challenged in Honduras
The Private Sector Council of Honduras is recommending to its members that they challenge the executive decree increasing the minimum wage in the Supreme Court.
Tuesday, January 6, 2009
According to proceso.hn "they also asked President Manuel Zelaya to amend his decision to increase minimum wages to 5,500 lempiras.
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 approved increase to the minimum wage, granted without the support of the business sector, will come into effect in January 2017.
The business sector agrees with unions in the need to modify the current scheme, but differ in how to implement it.
Labor leaders and the private sector failed to agree on setting minimum wages for 2011.
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