Fedeindustria: Sanctions stop increase in the minimum wage

The pending union elections were also discussed with the ILO, in order to agree on a methodology to follow.

The sanctions imposed on Venezuela are a brake on the increase in the minimum wage in the public sector, according to Orlando Camacho, president of the Chambers and Associations of Artisans, Micro, Small and Medium Industries (Fedeindustria).

“To adjust wages, it is necessary to release sanctions,” he explained in an interview with Unión Radio.

He pointed out that the International Labor Organization (ILO) is aware of the salary issue, since it was one of the points that was discussed with the organization. Therefore, the issue of inflation and the depreciation of the bolivar due to the drop in oil revenues was also analyzed together with the international institution.

“This year revenues have improved a bit because the sanctions on PDVSA have been relaxed a bit,” he said.

The first vice president of the National Assembly’s (AN) Economy, Finance and National Development Commission explained that if the measures did not exist today we would be producing more with equipment replacement, “today we would have a totally different salary.”

“Today, circumstantially, the minimum wage in the private sector that produces is higher than the minimum wage in the public sector dedicated to areas that have nothing to do with production, that is complex because there cannot be first-class and second-class workers,” he emphasized.

He stressed that in the meetings, both the public and private sectors, businessmen and workers, “are focused on finding solutions to improve the economy, attract foreign currency, resolve internal issues and overcome the obstacles” generated by the sanctions.

He pointed out that Venezuela has not been able to normalize trade relations with Colombia due to sanctions.

“Every time a Colombian or Venezuelan businessman has to ask the (US Office of Foreign Assets Control) -OFAC- and that places a cost on the product and a fear for the businessmen and in the end this is paid by the consumer. ”.

He pointed out that the issue of the pending union elections, discussed in the meetings with the ILO, is well advanced.

“There were bipartite meetings between the government sector and the workers and there was even a meeting with the president of the CNE to look for methodologies that allow the unions to be progressively incorporated.”

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