ESPACIO PUBLICITARIO
CARACAS, Tuesday December 30, 2008 | Update
 
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Economy
Government to extend firing freeze for additional 12 months

This will be the fifteenth time that the government prohibits unfair dismissals of workers in the private and public sectors since, from May 2002, these decrees have been continuously reenacted

The measure has been in force since May 2002 (File Photo: Paulo Pérez Zambrano)
SUHELIS TEJERO PUNTES |  EL UNIVERSAL
Tuesday December 30, 2008  02:03 PM


The Executive Branch will extend once again firing freeze. Government sources said that the duration of the new presidential decree would be similar or maybe the same as the current decree.

This will be the fifteenth time that the government prohibits unfair dismissals of workers in the private and public sectors since, from May 2002, these decrees have been continuously reenacted.

Sources say that the decree of labor immobility that will be effective as of January 1, 2009, will keep the same terms than the previous ones.

This means that the measure will cover workers who earn a monthly basic salary equivalent to less than three minimum wages, which equals to VEB 2,397.69 (USD 1,115.2 at the official exchange rate).

The other terms will remain unchanged, according to government sources.

Translated by Gerardo Cárdenas

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