Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Finance

CAMBODIA INCREASES GARMENT INDUSTRY MINIMUM WAGE

Finance2

Published : 10 years ago, on

PHNOM PENH, Cambodia (AP) — Cambodia is raising the minimum wage in its important clothing industry by 28 percent to $128 a month, falling short of labor unions’ $140 proposal.

The Labor Advisory Committee, representing employers, workers and the government, originally agreed Wednesday on a $123 minimum wage. A Labor Ministry statement said it was increased to $128 after long-serving Prime Minister Hun Sen intervened.

A militant union campaign to double the then-minimum of $80 two years ago resulted in clashes with police. The unions later scaled back their demand.

The clothing industry is Cambodia’s biggest export earner, employing about 500,000 people in more than 500 garment and shoe factories. The new wage level takes effect at the beginning of next year.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post