translated from Spanish: President Piñera on project that reduces working hours: “It’s bad (…) I hope it doesn’t get approved”

President Sebastián Piñera criticized, in an interview with Pulso de La Tercera, the initiative presented by Camila Vallejo that seeks to reduce the working day to 40 hours and said: “The PC project is bad because it does not correct a very serious problem and n our legislation, which is its extreme rigidity and because it does not allow any capacity for graduality to adapt. That project, which I hope will not be approved, would destroy between 200 thousand and 350 thousand jobs.” Referring to the criticism received by the business sector regarding the alleged “excessive burden” that the project would bring to them, the representative commented: “That is why we have raised, because we are serious and responsible, that this adjustment occurs gradually within eight years. Society can absorb a point and a half of higher labor costs per year during this period, but it is key for the Chilean economy to grow.” When consulted for the economic moment in the country, the head of state explained that “Chile’s average growth in 2018-2019 is going to be about 3.5%, which is double the previous government average. We said that we were going to double the capacity to create jobs and we are creating jobs at a rate of 170 thousand a year, twice as much as in the previous government; we said that we were going to improve wages and productivity, which has happened; we said that we were going to recoup the investment, which had fallen during the previous four years of government, and the investment has risen and strongly.”



Original source in Spanish

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