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March 23, 2022
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How much does layoff weigh financially on a company?

How much does layoff weigh financially on a company?

The Dominican business community considers it unsustainable to maintain the current scheme of unemploymentas contemplated by the current Labor Code, as it ensures that it has “adverse effects” on business finances.

However, the trade union class has insisted that the unemployment “it is non-negotiable” and opposes its modification in the current revision of the Labor Code.

The Labor Code establishes that the employer who exercises the eviction must pay the worker an aid of unemploymentwhose amount is set in accordance with rules established in the same regulations.

To better understand why the positions on this compensation of both sectors, Free Journalaided by a online tool of the Ministry of Labor, calculated how much corresponds to unemployment to workers with certain years in a company and salaries specific.

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The business sector also indicates that the unemployment can discourage salary increases for employees. In the workers it is a reason to decide not to change jobs so as not to lose this accumulated benefit.

Besides the unemploymentemployers cover a monthly cost to workers formal contemplated in the laws.

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Economics editor and professor of journalism. She has specialized in investigative, multimedia and data journalism.

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