In response to the wage hike petition lodged by the Trade Union Congress of the Philippines before the Regional Tripartite Wage and Productivity Board in Region 10, the Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) conducted a quick survey among its member companies and enterprises. The survey sought to establish members’ position on the wage increase, especially in view of the impact of the lingering Mindanao power crisis.
Oro Chamber is not opposed to any adjustment in the region’s wage rates. It, however, cautions that the increase should be reasonable, equitable and timely and must consider the conditions of the enterprises and companies in the area. Notable among the adverse impact to the business community has been the looming Mindanao Power crisis that threatens to erode the gains of businesses and put employment and livelihood at risk due to declining revenues and higher expenditures and reduced production time due to reduced working hours.
Oro Chamber President Ralph Paguio is encouraging all the employers to attend the wage consultation set on June 18. “It will be the best venue to hear the insights and circumstances of the labor, government and employer sectors,” he said.
The RTWPB-sponsored wage consultation for Region 10 is slated on June 18 at 1:00-5:00pm at Grand Caprice Restaurant, this city.
