Panamanian industrial companies oppose government proposal

The Industrial Union of Panama will not accept the proposal made by President Martin Torrijos to grant a bonus to employees.

Tuesday, August 12, 2008

The Union's General Assembly pointed out that what is need at this time are solutions "for the various structural problems that are affecting us negatively and preventing us from being more productive and competitive, and that will help to improve the purchasing power and well-being of all Panamanians."

More on this topic

Panama: Workers' Compensation Cards

July 2015

There is growing use of the 'Vale Panamá' electronic cards as a means of compensation and bonuses payments to employees.

The main advantage of this mechanism is that the compensation paid by the company is exempt from labor costs, and can be used by employees in shops to buy food, medicine and other items.

Two Pluses and a Negative

February 2013

Feedback to employees should contain both praise and criticism.

In his discussion in an article in Martesfinanciero.com, Ernesto Bazan notes the importance of the art of the sandwich, when talking with employees about their performance evaluation.

Bazan highlights the sandwich technique as being "...

Panama: Opposition to Regulating Price of Milk

May 2015

Farmers and industrialists are opposed to the possibility of including fluid milk in the list of products whose prices are controlled by the government.

Industry representatives argue that if the product is included in the list, "... small retailers will not want to handle our product," said Ricardo Sotelo, president of the Union of Industrialists of Panama to Panamaamerica.com.pa.

Governments of Panama approves the Eurobond law

January 2009

The purpose of the law which creates the eurocertificates (eurobonds) is to compensate the loss of preferential tariffs with the European Union.

Prensa.com reports: The eurocertificates will function as tax bond certificates (CAT) as they will be used to pay taxes, and they can also be used to carry out the transfers that currently take place in the market.

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