Bolivia's leader decrees special Christmas bonus for state agency workers [View all]

[Judi Lynn]

Bolivia's leader decrees special Christmas bonus for state agency workers
Nov 21, 2013 | Sapa-AP

President Evo Morales decreed Wednesday that an extra month's wages should be paid as a special Christmas bonus to all salaried workers in Bolivia, at state agencies, in the military and police and in the private sector.

Bolivian law already requires that salaried workers get a month's pay as a December bonus, so they will now get triple their pay for that month.

The leftist president said he made the surprise announcement because his government's goal is to reduce poverty and more equally distribute the wealth in one of South America's poorest nations.
"The economy is good and the country's growth should return to the workers with a double Christmas bonus," Morales said during a meeting with union leaders.

Bolivia's Federation of Private Companies vehemently objected, calling the decree "politicking" in a statement that said it "bodes terrible for future investment."

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