(ABS-CBN)
Labor Secretary Silvestre Bello III on Thursday warned of possible business closures and loss of employment if his agency endorsed a wage hike for workers, as the prices of basic goods go up.
The “status of employment” is more important for workers than a salary increase, he said in a public briefing.
“If we will grant or recommend the approval of their petition na tataasan ang suweldo from P537 to P700, P750, baka hindi makayanan ng mga employer,” said Bello.
