AWATU-TUCP APPEALS TO EMPLOYERS TO GIVE AND PRIORITIZE CHRISTMAS BONUS AND 13TH MONTH PAY TO BOOST ECONOMY

Labor Group Pushes For The Full Payment of Workers 13th Month Pay And Christmas Bonus To Stimulate Economic Growth

AWATU-TUCP, President Temistocles Dejon, Jr stresses a point about the 13th month pay stimulus.

The All Workers Alliance Trade Union (AWATU) an affiliate labor federation of the Trade Union Congress of the Philippines (TUCP) pushes for the full payment of workers 13th month pay and providing Christmas bonus to stimulate the country's economic recovery amid the Covid-19 pandemic. AWATU-TUCP President Temistocles Dejon. Jr. said that based on economic data, around 60% of the Philippines gross domestic product (GDP) is derived derived from consumption-related economic activities which are heavily affected by the ongoing health crisis. "By giving the full amount of workers 13th month pay and providing Christmas bonus, millions of workers and their families will have money to spend for their needs and other expenses, thereby increasing consumption as the engine of country's economic growth and recovery." said Dejon.

The economy will benefit from the 13th month pay and Christmas bonus given by the employers to the workers and that will jumpstart the country's economy according to Temistocles Dejon, Jr., President, AWATU-TUCP.

According to a recent report of the Asian Development Bank (ADB) the Philippine economy would reach by 7.3% in 2020 in order to prop up consumption and thereby stimulating economic recovery, workers and consumers must have cash to spend for food, medicines and other essential needs including education and transportation. "The increased circulation of money will surely help in jumpstarting faster economic recovery next year. The full payment of 13th month pay and the provision of Christmas bonus this year will not only benefit the workers and their families but also the entire economy as well." explained Dejon.

The Department of Labor (DOLE) obliged that every employer should give the 13th month pay not later than December 24 of the current year as mandated by R.A. 10653 and the Christmas bonus may be given in a form of gift certificates. canned goods and monetary. Making it non-taxable.

Aegis Christmas Bonus.

"We call on the government to ensure that the workers 13th month pay will be given by employers on time. We also appeal to employers to give bonus not only in accord with the spirit of Christmas but also as their contribution in the country's economic recovery." thus Dejon ended.  ((VerGarciaBlogs)

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