Construction: Activity Falls, But Wages RiseFrom July 1, the second increase in the minimum hourly wage for construction workers in Panama comes into effect, which occurs in a context of considerable decline in the sector's activity.Friday, June 28, 2019
The increase is part of the Collective Bargaining Agreement CAPAC-Suntracs, whose negotiation ended a strike that in 2018 lasted more than 30 days. According to official figures at the end of the first four months of 2019, the cost of new construction, additions and repairs fell 28% compared to the same period in 2018. ¿Busca soluciones de inteligencia comercial para su empresa?Are you interested in construction projects in Central America?Keep track of all the projects that will be developed in the region through our online interactive Construction Platform. More info here Panama: Construction Strike EndsMay 2018 30 days after the strike began, employers and workers have finally reached an agreement on the scale of salary adjustments for the period 2018-2021. Panama and Rising Construction CostsAugust 2017 An increase in the cost of construction permits, new rates for services from public entities and a more expensive labor force explain a large part of the increase in real estate sales prices. Nicaragua: Construction Salaries Increase by 6.11%September 2014 The increase approved by the guild of construction companies will apply retroactively from September 8, 2014. Panama: New Construction Strike ThreatApril 2014 Although companies are willing to make adjustments from 2% to 4% in the three years that the new Collective Bargaining Agreement is in effect, the union wants more.
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