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Home Europa Press

The Chamber warns that the increase in the SMI or the reduction of the working day can trigger more unemployment

October 26, 2023
in Europa Press
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The Chamber warns that the increase in the SMI or the reduction of the working day can trigger more unemployment
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SANTA CRUZ DE TENERIFE, Oct. 26 (EUROPA PRESS) –

The president of the Chamber of Commerce of Santa Cruz de Tenerife, Santiago Sesé, has expressed his concern, following the publication of the data from the Active Population Survey (EPA) today, about the destruction of private employment , especially in services, with 9,200 fewer employees than at the end of the second quarter and the increase in unemployment in this same sector of 9,900 people.

For the chamber president, “this is one of the first symptoms of the effects that inflation and the rise in interest rates is having on the population and of the exhaustion of the growth rate in the services sector, the pillar of our economic recovery, on which we should reflect and act.

For this reason, he continues stating, “measures such as the increase in the minimum interprofessional wage or the reduction of the weekly working day to 37.5 hours, without incorporating improvements in productivity, should be considered and agreed upon with economic and social agents, as they can be the trigger for an increase in unemployment in the coming months in which the situation will not be so favorable and SMEs, especially those in services, will have to adopt measures to reduce their costs and even be forced to close with the consequent drag on the employment”.



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