Workers’ representatives from Cambodia’s garment, footwear and travel goods industries are asking for an increase of $14 in the new minimum wage, while employers have proposed a $1 raise.
Both sides recently met during the second round of negotiations for the new minimum wage for the sector for next year.
Trade unions said their demand is based on the rising cost of living due to inflation and the cost of daily expenses. The unions think the interest rates on loans from Cambodian banks are low now, and therefore, investors should have access to cheap capital, while the employers point out that their investors mostly borrow money from banks abroad where the interest rates may be higher, he added.
