Industrialists propose to 'freeze' the wage increase to avoid ‘deepening’ the crisis

🔊 Listen to this news The National Chamber of Industries (CNI) issued a statement this Friday, April 4, in which it proposes to freeze both basic credit and the National Minimum Wage (SMN). The CNI argues that a wage increase in the current economic context would only deepen the crisis facing the country. According to the CNI, keeping wages unchanged would help contain the inflationary spiral, which could continue to negatively affect investmen…

This was made known by the National Chamber of Industries (CNI), through a statement.

The industrial sector warns that wage increases would deepen the recession, inflation and loss of competitiveness The National Chamber of Industries (CNI) proposed keeping the basic and national minimum wage unchanged in 2025, arguing that a wage increase would exacerbate the economic crisis, generate higher inflation and further weaken investment, production and formal employment in Bolivia.This proposal arises in response to the demand of the …

The CNI asks not to apply the wage increase requested by the COB and warns that doing so will promote an “inflationary spiral” that will drive “even more the fall in investment, production, exports and formal employment.”

The industrial institution observed that a wage increase will deepen the crisis with the loss of competitiveness greater informality. [caption id=

Business chambers and trade unions in the textile, footwear and clothing sectors met after the officialization of Decree 236/25, which reduces import tariffs between 12% and 18%. They warned about the risk of greater labor insecurity, loss of employment and fall of national production, and announced ... Textile and footwear chambers and unions against "the annihilation of national industry, the destruction of employment and wage purchasing power…