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Higher wages will shutter companies, lose jobs

Santo Domingo.-  National Business Council (CONEP) vice president Rafael Paz on Tuesday warned that many companies will go out of business and jobs will be lost if the minimum wage is raised, as the labor unions demand.

He said prior to raising wages, the business sector prefers a reform structure to make companies more competitive as the times demand.

Paz’s statement is the private sector’s latest response to labor’s demand to raise salaries, some as low as RD$6,000 (US$140) per month.

“We’re rededicating ourselves to the approval of the pact for employment, it seeks to create quality jobs, create new jobs to develop and make companies more competitive,” Paz said, interviewed on SDTV Channel 24.


The dispute has taken the litigation route after Rafael –Pepe- Abreu, head of the labor unions grouped in the CNTU, served court notice to seek binding arbitration through the National Salaries Committee, headed by the Labor Ministry.

Source: DT

Category: DR News |

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Last updated October 22, 2016 at 12:31 PM
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