The business community in Cebu is ready to comply with the decision of the Regional Tripartite Wages and Productivity Board (RTWPB) 7, which raised the minimum wage for workers in by P13 per day.
Cebu Chamber of Commerce and Industry (CCCI) President Melanie Ng said the chamber is still amenable and compliant to the agreements reached even as the amount is at the higher end of its computation.
Ng said even with possible effects like closure, unemployment, price inflation, loan defaults, loss of investment, and further losses of the stock exchange as well as the value of the Philippine peso, they are still amenable and compliant to what the wage board has decided.
“Nonetheless, CCCI will remain to be a firm crusader of comparable labor rates with that of our ASEAN neighbors,” she said.
Wage Hike Due to Rise in Consumer Price Index
RTWPB-7 chairman Exequiel Sarcauga said they decided to increase the wages of minimum wage earners due to the increase in the consumer price index, inflation rate, and the prices of basic commodities.
However, Sarcauga said that the seven members of the board have yet to meet this February 13 to discuss the details of the wage order that still has to be issued.
“We still have to discuss the details of the wage order as well as the implementation,” said Sarcauga.
The P13 wage increase is way lower than what labor groups had petitioned for. The wage hike petitions filed before the RTWPB-7 were the following: P161 daily wage adjustment by the Trade Union Congress of the Philippines; P140 daily wage adjustment by the Cebu Labor Coalition, among others; and P101.34, P90.61, and P86.87 wage adjustments for all workers in the private sector of the Negros Island Region filed by the Philippine Agricultural, Commercial, and Industrial Workers’ Union.
Metudio Belarmino, spokesman of the Cebu Labor Coalition, one of the wage hike petitioners, described the approved amount as a great insult to the workers.
“We can’t even buy a can of sardines with P13. Is that the change the new administration is talking about?” Belarmino said. – CebuHeadlines.com