A “cross-cutting crisis” | Una “crisis transversal”

By El Diario:

Business leaders call for solutions to a “cross-cutting crisis”

  • Only open dialogue, joint efforts, and mutual support will guarantee the “survival of businesses and the stability of jobs,” stated the CEPB.
WORKERS MARCHED YESTERDAY DEMANDING THAT THE GOVERNMENT PROVIDE SOLUTIONS TO THE ECONOMIC CRISIS THE COUNTRY IS FACING.

In a commemoration of Labor Day marked by economic uncertainty, the Confederation of Private Entrepreneurs of Bolivia (CEPB) issued a strong statement expressing deep concern over the “cross-cutting crisis” currently afflicting the country.

Through an official communiqué, the business leadership made it clear that May 1st offered few reasons to celebrate, as the country is going through “extremely difficult times” that demand the utmost adaptability and resilience from both companies and workers.

“We cannot ignore that this anniversary brings few reasons to celebrate. We are living through extremely difficult times, due to a cross-cutting crisis that is testing our capacities and strengths,” the CEPB declared in its statement.

Despite the bleak outlook, the business organization emphasized the urgent need to resort to open dialogue, joint efforts, and mutual support as essential pillars to guarantee the “survival of businesses and the stability of jobs.” In this context, the CEPB reaffirmed the historic and fruitful collaboration between workers and employers as a driving force for national progress.

“Throughout our history, workers and entrepreneurs have built the future through effort, respect, dialogue, and complementarity, and we will continue to do so, beyond adversities and those who insist on creating a false division between those of us who have always worked together for the common good,” the document states.

This position from the CEPB came in a climate marked by recent socio-economic tensions, particularly after the government’s recent announcement of a 10% increase to the national minimum wage and up to 5% for the base salary. This was followed yesterday by the enactment of Supreme Decree 5383, which regulates the salary increase for this fiscal year. The regulation confirms that the measure is retroactive to January 2025 and must be implemented by July 31.

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