Venezuela Announces 6-month Rent Suspension, Guarantees Workers’ Wages, Bans Lay-offs | WHAT REALLY HAPPENED

Venezuela Announces 6-month Rent Suspension, Guarantees Workers’ Wages, Bans Lay-offs

Speaking on a live televised address, President Nicolás Maduro instructed that all commercial and residential rent, as well as all capital and loan interest payments, are to be suspended for six months.

Public- and private-sector workers will receive a special government bonus, and wages of small and midsize companies will be paid by the state until September. A pre-existing workplace stability decree has also been extended until the end of the year, outlawing job dismissals as a result of the quarantine.

Loan appeals by small and medium businesses are to be fast-tracked, and a special agricultural investment plan will look to guarantee the contents of the subsidized Local Food Production and Provision Committees (CLAP) food boxes for a reported seven million families. Telecommunications companies have also been barred from cutting off customers for six months.

Upon unveiling the measures, Maduro promised to use “all his power and consciousness to protect jobs” and the most vulnerable in society during the quarantine lockdown.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA