Tag Archives: Socialism of the 21st Century

Chávez Reduces Working Week From 44 to 40 Hours

Chávez announcing new labour regulations
Source: El Universal

The new labour law that Venezuelan President Hugo Chávez announced today will reduce the working week for Venezuelans from 44 hours to 40 hours, among other measures. Chávez says that companies will have up to one year to comply with the new measures. The improvement of labour conditions is an obvious priority for Chávez as part of his vision of ‘Socialism of the 21st Century.’ Labour regulation across Latin America is generally weak, leaving workers open to abuse and some of the highest working hours in the world. With the Venezuelan economy struggling, however, now might not have been the best moment to impose new regulations.

 

 

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