By Lisa Flueckiger, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL - Brazil's President Dilma Rousseff has signed a temporary measure allowing companies to reduce working hours and employees' salaries in order to avoid layoffs. Through the Programa de Proteção ao Emprego (Program to Protect Employment) companies in dire financial situations in designated sectors can reduce salaries by up to thirty percent.
President Rousseff signed the law on Monday, July 6th after meetings with ministers and union representatives. But even though the measure becomes law immediately, it will need analysis and approval by Congress. The temporary measure will then be . . .