Tag Archives: minimum wage

Textile Manufacturing Boost for Honduras

News on January 18, 2012 by alma castro| Comments Off

Maquilas Honduras
The Central American Republic of Honduras has approved setting up new textile units for creating thousands of employment opportunities in the north of the country.

Under the ‘maquiladora’, sometimes also called ‘maquila’, arrangement, manufacturing plants import and assemble duty-free components for export. Plant owners take advantage of low-cost labor and pay duty only on the “value added”, i.e. on the value of the finished product minus the total cost of the components that had been imported to make it. Continue reading →

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2012 Minimum Wage Agreement for Honduras

News on January 13, 2012 by hector martinez| Comments Off

The Government will publish the new minimum wage standard in the official journal, La Gaceta in the coming days. The wage scale is effective from January 1, 2012.

An agreement was signed by Santiago Ruiz, the President of the Honduran Council of Private Enterprise (Cohep); the representative of employers to the Tripartite Commission, Benjamín Bográn and Rafael Ruiz; on behalf of the manufacturers, Daniel Facussé; and employees, Daniel Durón, Fernando Aguilar Espinoza, and José Luis Baquedano; and by the Government, by the Secretary of Labor, Felícito Avíla. President Porfirio Lobo Sosa signed as honored witness to the agreement.

Attorney Yina Hernández announced the minimum wage for 2012 and 2013 as follows: Continue reading →

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Minimum Wage Discussion Set for January 5th

News on January 4, 2012 by Administrator| Comments Off

Negotiations to determine the minimum wage percentage increase for the year 2012, will be held on Thursday, January 5th, in the capital of Tegucigalpa.

The working class in Honduras can expect to achieve an increase of approximately ten percent for the year.

Daniel Durón, Secretary General of the General Workers Center of Honduras (CGTH), reported that negotiations with employers and the government are being held on Thursday, so they can agree on the corresponding percentage increases for rural and urban employees.
Secretary Durón assured working individuals that the negotiations are based on the inflation rate recorded last year, and the rate of growth of the economy, “which means 10%, which is a good base.”

The three negotiating parties consist of workers, employers and government representatives. The plan is to complete negotiations by January 15, 2012.

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