The Government of Uruguay is proposing to reduce working hours, other than inducing job lay-offs in a bid to reduce the impact of the recessionary trend and stave off the financial crisis affecting the country.
According to Mr Bonomi, Minister of Social Security, this will have to be taken on a case to case basis as this policy cannot be applicable to industries in general, since, sectors have been affected at dissimilar levels.
According to him the most affected industries were textiles, tanneries and automotive sectors. Earlier, the labour unions had suggested a six hour working day along with respective salary and benefits reduction.
The union is only insisting on a tripartite agreement between the government, companies and the unions to ensure it is not implemented discriminately. Economic growth in Uruguay is expected to fall to 3 percent in 2009.
Fibre2fashion News Desk - India
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