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No pay hike

  • Written by Efren Montano
  • Published in Top Stories
  • Read: 3261

PRESIDENT Benigno S. Aquino III yesterday hailed the Filipino worker on the eve of Labor Day 2016 but was silent on wage increase.

In his message for Labor Day Aquino said, "Saludo ang ating sambayanan sa mga manggagawang Pilipinong nagpupunyagi para sa kanilang pamilya at pangarap. Idinaraos natin ang Araw ng Paggawa bilang pasasalamat sa alay ninyong husay, dangal, at lakas sa ating bayan."

He also praised the workers for their cooperation in maintaining industrial peace and for facing the challenges in global competitiveness.

"Dininig ng samahang manggagawa ang panawagan natin para sa tapat na pakikipag-ugnayan at kapayapaan para sa industriya. Tinanggap ng mga mamamayan ang hamon ng nagbabagong mukha ng teknolohiya, at pinatunayang handa ang Pilipinong makipagsabayan sa pandaigdigang merkado," the President said.

Workers nationwide were hoping the President would respond to their clamor for a pay hike, but Aquino's Labor Day message was mum about it.

Earlier the IBON Foundation research group said that a P750 minimum wage is doable only if the 36,699 establishments with employment of 20 and above would let go of 30% of their clean annual profits.
   
IBON further said that in 2012 these establishments raked in P1.6 trillion in total profits and 30% of this is only P475 billion, which would go directly to the workers' pocket.