Brazil Law Allows Companies to Cut Hours and Wages

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – President Dilma Rousseff of Brazil signed into law on Thursday a program which allows companies to reduce working hours and up to thirty percent of employees’ salaries. The Programa de Proteção ao Emprego – PPE (Program to Protect Employment), according to the government, will help companies avoid layoffs.

“Brazil today faces a moment of transition, where the choices we make will determine the future, especially in terms of the recovery of the economy,” said President Rousseff.

According to the president, the PPE will allow companies to adjust their production without . . .

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