Angeles business owners say wage hike call could result in mass layoffs

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

Business owners in Angeles City say the demand for a P180-wage increase is unattainable, especially given the current state of the economy.

PAMPANGA, Philippines – Organized workers in Central Luzon called for an increase in the minimum wage to P640 daily, but business owners in Angeles City opposed it and warned of consequences.

The RTWPB is composed of representatives of the Department of Labor and Employment , Department of Trade and Industry , National Economic Development Authority , and two representatives each from the employers’ and workers’ sectors.Around 100 representatives from various unions and associations of labor workers gathered in a protest rally at the San Nicolas Public Market on Labor Day, May 1, calling for an additional P180 on the current minimum wage.

He said it would be impractical as investments in their area continued to decline while most customers were seeking products elsewhere.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines