Haiti - FLASH : Minimum wage, 8 Korean companies in Haiti warn !
These companies say they are "very shocked and dissatisfied" and request the help of the ADIH to assure them that the increase of the minimum wage "is fixed taking into account the Haitian legislation and the realization of the studies carried out by the CSS [Superior Council of Wages] as it was last year."
"If the proposal suggested by the Chamber of Deputies comes into force [...] This will cause enormous damage not only to us, but to the population and to the whole sector" stating inter alia that the millions of dollars in planned investments for the next three years by Korean textile companies, can not be achieved, also anticipating immediate job losses.
These Korean companies recall that several neighboring countries in the region are becoming more competitive and that in the face of such an increase "[...] it will no longer be worth investing in Haiti [...] our customers will withdraw their activities here because of the situation and we will not be able to continue our activities [...]"
Recall that beyond simple warnings the company S&H Global S.A, a Haitian subsidiary of Sae-A Trading Co. Ltd., one of the largest Korean apparel manufacturing companies in the world, which has invested $78 million to develop its operations in the Caracol Industrial Park (PIC) https://www.haitilibre.com/en/news-4360-haiti-economy-laying-of-the-foundation-stone-for-the-caracol-industrial-park.html has already made the decision to expand in the Dominican Republic (initially planned in Haiti) thus depriving the Haitian economy of the creation of more than 10,000 jobs...
See also :