President Correa warns the telecommunications sector to set their wages

“If the sectoral committees do reach an agreement until December, we can already declare the minimum wages by sectors,” said President Rafael Correa in reference to the work space of telecommunications on Sunday, 28 September in an interview with Ecuador TV.

“We have the ability to set wages at the sectoral level and we will not allow this damage to the State,” he said. He added that 56% of the workforce in dependency relation never see a cent in profits and the other 44% of the workforce in dependency relation (two million), because the workforce is five million, they would receive an average of$500 , $ 600 profits, questioned the President.

 The Autonomous Government Commission of the National Assembly analyzes the proposal of the Executive that posed decreasing the employee participation in the profits of telecommunications companies from 15% to 3%.