Improved production, efficiency to ease wage hike impact, says MCCI exec

BUSINESSES MUST increase their productivity and improve operations efficiency to soften the impact of the wage hike that takes effect today, Aug. 3, in Central Visayas, said Mandaue Chamber of Commerce and Industry vice-president Steven Yu. “The business sector will comply with the newly approved minimum wage rates starting Aug. 3 and is encouraged to look into efficiency and productivity measures to soften its effect to the bottomline,” Mr. Yu told The Freeman. Hotel, Resort and Restaurant Association of Cebu (HRRAC) President Carlo Suarez, on the other hand, said the wage hike might affect the operations of some businesses. “Actually, we have no issues with the direction of giving better lives for our people. And if it is thru increase in wages, it’s a direct solution. But our concern as business owners is the manner it is implemented,” Mr. Suarez told The Freeman in a separate interview. “Like is it still fair and apt to increase more than twice or thrice a year the minimum wage? The pace of implementation is too drastic that we, employers and business owners, didn’t project this increase,” said Mr. Suarez, who is general manager of Cebu Grand Hotel. The new daily minimum wage hike approved by the Regional Tripartite Wages and Productivity Board in Central Visayas is P20. — The Freeman
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