^

Headlines

NWPC eases rules on wage orders exemption

Sheila Crisostomo - The Philippine Star

MANILA, Philippines - The National Wages and Productivity Commission (NWPC) has relaxed the rules on exemption from wage adjustments and cost-of-living allowances in calamity-hit areas.

Labor Secretary Rosalinda Baldoz said yesterday the NWPC approved Resolution No. 1 Series of 2014, which spells out the rules on exemption from wage orders issued by the Regional Tripartite Wage and Productivity Boards (RTWPB). It amends NWCP Guidelines No. 2 Series of 2007.

Baldoz noted that the amendments liberalize the process and requirements for calamity-affected enterprises to qualify for exemption.

Under the resolution, “establishments adversely affected by natural and human-induced disasters that have sustained property damage of at least 50 percent and whose recovery will exceed one year may now claim for exemption for a longer period from compliance with prescribed wage increases/cost-of-living allowances granted by RTWPBs.”

“Natural and human-induced disasters affect business operations and results in establishments experiencing temporary difficulties due to financial losses which necessitate government to step in and extend urgent assistance,” Baldoz said.

 

 

 

 

 

AFFECTED

BALDOZ

EXEMPTION

GUIDELINES NO

LABOR SECRETARY ROSALINDA BALDOZ

NATIONAL WAGES AND PRODUCTIVITY COMMISSION

REGIONAL TRIPARTITE WAGE AND PRODUCTIVITY BOARDS

RESOLUTION NO

WAGE

  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with