P-NOY’s Visit in Davao Met with Workers’ Protest

Press Release
May 18, 2011

P-NOY’s visit in Davao met with workers’ protest

Davao City – P-Noy’s visit here in the City today was met with protest from various sectors including the workers who have called for the immediate passage of HB 357 or the Bill implementing the legislated P125 wage increase across the board nationwide.

“Nearing his first year as president, Noynoy Aquino instantaneously revealed his utter disrespect to the Filipino workers as his only understanding of the workers’ right to substantial wage is as little and as insignificant as the P22.00 COLA approved by the Regional Tripartite Wage and Productivity Board (RTWPB) for the National Capital Region,” KMU-SMR chairperson Romualdo Basilio said.

“It is sheer stupidity to think that the P22.00 COLA can give relief to the dire economic condition of the workers. Making it an implementation solely for NCR makes the Aquino Administration far more inutile and anti-worker,” Basilio added.

Basilio also stressed that “the economic crisis happening today is affecting every Filipino from all walks of life and all parts of the country. To receive from P-Noy and RTWPB such proposition that is clearly not well thought of manifests the incapacity of this administration to lead and be a government for the people”.

KMU also cited that the Php13-wage hike proposed by employers is not enough to even restore the real wage to its June 2010 level. This, as the Employers’ Confederation of the Philippines (ECOP) recently announced that its official position would be to grant a minimum wage increase of around the amount of Php13.35.

A data from IBON revealed that the Top 1,000 corporations in the country combined annual net income increased from Php116.4 billion in 2001 to Php756.0 billion just in 2009, with a cumulative Php3,788.9 billion over the period 2001-2009. “This means more than enough resources for big companies including small to medium scale business enterprises to grant the P125 wage increase,” Basilio said.

“The workers’ plea for P125 wage increase will always be a justifiable demand not only because they need to survive economically but it is a right they own. Upholding such right will be beneficial not just for workers and their families but also the economy. The transfer of money from rich to poor households will increase aggregate demand and stimulate the economy,” Basilio ended.

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