PGMA to announce 'goods news' on Labor Day
Manila (26 April) -- President Gloria Macapagal-Arroyo will be announcing some good news in terms of non-wage benefits on Labor Day.
The Palace said the benefits will be in the area of basic commodities, on food, housing and health.
Presidential Spokesperson Ignacio Bunye said a special announcement will also be made for government employees.
He said salary increases for the private sector will be taken cared of by the regional wage boards as the wage boards will review minimum wage levels in June when the one year prescription period between adjustments end.
Bunye added that they have been monitoring the prices of goods and other factors affecting wages and held a National Conference to arrive at appropriate steps and positions in determining reasonable wage adjustments.
He pointed out that pay hikes are opposed by employers, especially, among small and medium enterprises, citing that any increase is unaffordable at this time and it may force them to lay off workers.
The Spokesperson stressed that the wage boards will strive to balance the interest of both workers and employers to ensure the financial viability of business establishments.
President Arroyo had approved an across-the-board ten percent increase in the basic salary of civil servants effective July, this year and this will cost government an additional P13 billion in payroll expenses. (PIA 10) [top]