The Fiji Commerce and Employers Federation has today expressed concern over the mounting pressure faced by employers in a challenging business environment, and said that there should be a cautious approach on minimum wage.
While the Federation understands the challenges confronting workers, they say businesses are the backbone of our economy and are constantly subjected to increasing costs.
The Federation says the viability of businesses in Fiji is crucial for sustaining jobs, generating revenue, and driving economic progress.
It says many enterprises, especially micro, small and medium businesses, are already operating on tight profit margins and potential cost increases may force job cuts and threaten closure.
President of Fiji Commerce Employers Federation, Vinay Narsey says the employers welcome the government's consultative process and look forward to working together to develop a comprehensive strategy with a review by sector that promotes fair wages while safeguarding the business interests and the economy.
Narsey says the Federation has had fruitful discussions on employment relations and acknowledges the collaborative efforts of the Minister for Employment, Productivity and Industrial Relations, Agni Deo Singh.
He says they also acknowledge the statement made by Deputy Prime Minister, Professor Biman Prasad, recognizing the importance of considering all perspectives, including the views of the employers on the minimum wage rate proposal.
Professor Prasad confirms that the announcement will be made in the National Budget address on June 28th after consultations with the different sectors and stakeholders.
