CURRENT WAGE HIKE petitions appear to be too high but adjustments will be considered and could be ordered later this year, a Cabinet official yesterday said.
“If we are to be very technical about it and base the increase on the Bangko Sentral ng Pilipinas (BSP) target [inflation] rate of between 3-5%, it (an increase) would be equivalent to P13 to P21,” Labor Secretary Rosalinda D. Baldoz said.
Ms. Baldoz, who was reacting to the Trade Union Congress of the Philippines’ (TUCP) petition for a P90 per day wage hike in Metro Manila, clarified though that “there are other socioeconomic factors that will be considered”.
Read the full article: http://www.bworldonline.com/content.php?section=TopStory&title=Wage-increases-to-be-studied-by-regional-boards&id=49185
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Source: Business World, March 29, 2012
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