CTV pointed out that the “salary devaluation” is a consequence of “galloping inflation and uncontrollable speculation in the economy.” They cited projections from the International Monetary Fund and the UCAB that place annual inflation between 220% and 270% at the end of 2025, which, it was stated, “destroys any nominal salary adjustment.”
The Confederation of Venezuelan Workers (CTV) accused Nicolás Maduro’s administration of a “policy of wage extermination”, due to the stagnation of the minimum wage, growing inflation and “alterations” with the payment of bonuses that have no impact on payments of labor benefits.
The minimum wage, which is 130 bolivars per month, is not only “insufficient to cover the most basic needs of the worker and his family, but it constitutes a true policy of extermination of salary, vacations and profits, fundamental elements of dignity and labor well-being,” CTV stated in a statement.
The Confederation pointed out that the “salary devaluation” is a consequence of “galloping inflation and uncontrollable speculation in the economy.” They cited projections from the International Monetary Fund and the UCAB that place annual inflation between 220% and 270% at the end of 2025.
This rhythm, they stated, “pulverizes any nominal salary adjustment.”
For more than three years, the minimum wage has remained unchanged. The Maduro administration has used “government policies that have altered the composition of remuneration,” CTV highlighted, by using similar bonuses and stipends.
*Read also: They warn of another hyperinflation while Venezuelans notice that silver “is not enough”
“Although these bonuses can offer momentary relief (and still insufficient in the face of inflation), their main perverse effect is that they do not affect social benefits, vacations, utilities or the payment of overtime,” stated the Confederation.
The CTV demanded that the Maduro administration “reestablish the purchasing power of wages,” as well as the immediate release of imprisoned union leaders and full respect for union autonomy.
CTV rejects “worker constituent”
CTV also rejected in its statement the announcements made by Nicolás Maduro’s administration regarding a “constituent of the working class.” The Confederation assured that this figure is a “blow” to union independence that seeks to “supplant the autonomy of workers’ organizations and subject them to State control.”
«Unions are not extensions of the government nor an instrument to applaud power, they are spaces for struggle, education and defense of the interests of the working class. We urge the National and Regional Federations and their affiliated unions not to participate in this call for the workers’ Constituent Assembly because it violates the current legal system,” CTV urged.
In the opinion of the training of workers, this “constituent” violates article 95 of the Constitution, articles 353, 354 and 403 of the Organic Law of Workers, as well as two agreements signed by Venezuela before the ILO.
They reiterated that this represents an “offensive” against the workers, which is why they called for “organizing in a free, autonomous and independent manner, without protection from the employer’s State, the private employer, or any political party.”
*Journalism in Venezuela is carried out in a hostile environment for the press with dozens of legal instruments in place to punish the word, especially the laws “against hate”, “against fascism” and “against the blockade.” This content was written taking into consideration the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.
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