ESPACIO PUBLICITARIO
CARACAS, Tuesday April 09, 2013 | Update
 
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LABOR

Maduro announces minimum wage increase by 38-45%

The first rise (20%) would be enforced in May, bringing salary up from USD 325.55 to USD 390.66. The second increase (10%) would be adopted in September, taking the minimum wage to USD 429.73. A final adjustment would be enforced in November by 5-10%, based on inflation

Maduro announced a special health plan called Barrio Adentro Obrero, aimed at providing healthcare to workers (TV screen capture)
EL UNIVERSAL
Tuesday April 09, 2013  03:58 PM
During a rally held on Tuesday with workers, Venezuela's acting President Nicolás Maduro announced a rise in the minimum salary of 38-45% that would be implemented in three stages.

The first 20% would be implemented in May, from USD 325.55 to USD 390.66. The next increase (10%) would be adopted in September, bringing salaries up to USD 429.73. A final adjustment would be enforced in November by 5-10%, based on inflation.

The president in charge also announced the creation of "workers' groceries," aimed at bringing state-run food network Mercal to state-run companies so that workers can directly buy foodstuffs at their workplace.

Likewise, Maduro announced a special plan as part of the housing program Great Mission Housing Venezuela. It will be called Great Mission Workers' Housing.

Further, Maduro announced a special health plan called Barrio Adentro Obrero, aimed at providing healthcare to workers. 
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USD 9 billion in claims

Following a wave of nationalizations carried out by the late President Hugo Chavez between 2007 and 2012, Venezuela has become the second most frequent respondent to investment treaty arbitration in the world (38 cases in total), after Argentina.

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