RIO DE JANEIRO, BRAZIL - Jair Bolsonaro's government will allow companies to cut workers' wages by up to 50 percent amid the advancing coronavirus crisis. The initiative should be submitted to Congress through a Provisional Measure (MP).
The Ministry of Economy states that the measure, which requires individual negotiation, will preserve jobs. "Offering companies and employees the means to overcome this turbulent period is required. The interest of both is to preserve jobs and income," said Bruno Dalcolmo, the Labor Secretary.
Under the rules outlined by the Ministry, companies must continue to pay at least the minimum wage. The worker . . .