The third meeting of the “parallel table” between the leadership of the Panamanian Chamber of Construction (CAPAC) and the Single Union of Construction Workers and Similar (SUNTRACS), the parties moved their positions, which seems to put more close an agreement and put an end to the strike that is now on its 23rd.
The “parallel table” ended just after 10 o’clock last night and the positions reached a point where the leadership of SUNTRACS lowered its aspirations of wage increase to four percent per year, for four years and the CAPAC rose to 2.5 per cent. annual cent, for four years. The parties hope to meet again soon, confirmed a source from the Ministry of Labor.
It is probable that the agreement is paid at a mid-point of what is currently on the table, ie between 3 and 3.25 percent annual increase.