Board waits inflation rate record for wage hike ruling

THE National Wages and Productivity Commission is now waiting for the National Statistics Office record on the country's inflation rate for them to decide on the wage hike issue.

The Department of Labor and Employment (Dole) on Monday said wages may be increased nationwide as prices of goods and services continue to rise.

Baldoz said regional wage board may convene this week if inflation rate hits five percent.

Several labor groups have been calling for a salary adjustment as prices of fuel continue to rise, boosting the costs of basic commodities. Rice and sugar prices are also seen going up.

"Within the week, the wage boards will review and decide whether there is supervening condition or event in their respective jurisdiction," Baldoz said.

She said she is hoping that these processes would be completed and resolved before Labor Day on May 1. (Sunnex)

Trending

No stories found.

Just in

No stories found.

Branded Content

No stories found.
SunStar Publishing Inc.
www.sunstar.com.ph