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Business leaders in Guatemala aim to fire 6,000 workers because of wage increase

Wednesday, January 12, 2011

Leaders of Guatemala’s textile and garment industries announced that they intend to fire 6,000 workers as a result of the increase in the minimum wage that was decreed by the president, Alvaro Colom.

The industry leaders said in a press conference that their companies “will cut their workforces by 10 percent in January in order to cover their costs”.

The minimum wage increase ordered by Colom implies a raise of 14.88 percent for the workers.

Original source (in Spanish): Efe