Increase in Employment Contracts in Panama

In the first seven months of the year, 235, 529 employment contracts were made, 17, 406 more than in the same period in 2011.

Tuesday, November 20, 2012

A press release from the Ministry of Economy and Finance of Panama reads:

The Ministry of Labor and Workforce Development, recorded between January and July 2012, about 235,529 employment contracts, contracts 17,406 more than in the first seven months of 2011, as announced by the department of economic research at the Ministry of Economy and Finance, in a report.

There is improvement in employment stability, indicates the report by the MEF, as companies signed more contracts for indefinite periods, about 3,600 and less for a definite periods, 322, although employment contracts for definite periods is still the most frequent format used in companies (37.7%), together with those for predetermined work (37.6%).

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