Finance
CAMBODIA INCREASES GARMENT INDUSTRY MINIMUM WAGE
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.
-
Top Stories3 days ago
Australia’s ANZ Group to settle credit cards class action for $37.4 million
-
Top Stories3 days ago
Analysis-Spain’s battle of the banks as BBVA narrows gap to Santander
-
Top Stories3 days ago
Talgo’s top shareholder in talks with Stadler over takeover bid, report says
-
Top Stories3 days ago
Google, Apple breakups on the agenda as global regulators target tech