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Panamanian builders and businessmen agree on wage settlement

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Panamanian builders and businessmen agree on wage settlement

Panama City, Apr 4 (Prensa Latina) Construction union leaders in Panama today confirmed that they have achieved their goals in negotiations with the business union and ruled out a nationwide strike to demand salary readjustments.
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The general secretary of the Sindicato Unico Nacional de Trabajadores de la Construccion y Similares (Suntracs), Saul Mendez, told the press that the objective of the most recent demonstrations is also a fact: the signing of the Collective Labor Agreement for the years 2022-2025.

In this way, our unity, perseverance and firmness conquered the demand for improvements in the conditions of 20 000 builders and their families in the face of the high cost of living, he emphasized.

The leader pointed out that according to the agreement signed, in the next four years, the salary increase will be 28 cents per hour for general construction assistants, 40 cents in the same period for skilled workers, and 32 cents for beginners, which is equivalent to an increase of 6.6 percent in relation to the current salary of the workers in the sector.

The talks with the Panamanian Chamber of Construction (Capac), which concluded early this morning, were mediated by officials of the Ministry of Labor and Labor Development.

The talks on the Collective Labor Agreement 2022-2025 began in September last year without the expected results.

This weekend delegates from both sides were received by the President of the Republic, Laurentino Cortizo, who suggested to maintain these talks and reach an agreement to avoid a strike “which is not in anyone’s interest”, he underlined.

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