Budget Deficit Target in Brazil Raised by R$20 Billion in 2017
Lower-than-expected revenues led the Brazilian government to announce increase in deficit and cost-cutting measures.
August 16, 2017Topic
Wages
Brazil Reduces 2018 Minimum Wage Forecast to R$969
The review of economic projections for 2018 led the government to reduce the minimum wage for the coming year last...
August 16, 2017
Rio State Officials Seek Aid from Private Banks
Rio state finance secretary, Gustavo Barbosa, met on Monday (November 14th) with representatives of several banks in São Paulo seeking...
November 15, 2016
Bank Employees Strike Again for Better Wages in Brazil
The nationwide strike is for an undetermined period of time with employees calling for increased wages and benefits.
September 6, 2016
State of Rio de Janeiro Unable to Pay Pension Checks
The sharp decline in tax revenues and the decrease of oil prices in the international market are to blame for...
April 14, 2016
Brazil Law Allows Companies to Cut Hours and Wages
Law allows companies to reduce working hours and up to thirty percent of employees’ salaries.
November 20, 2015
Impact of Lava Jato on Brazil’s GDP Could Reach R$140 Billion
The Lava Jato (Carwash) corruption scandal in Brazil involving oil giant Petrobras and some of the country's largest construction companies...
August 11, 2015
Brazil Unemployment Rate Increases While Wages Fall
Average wages in Brazil for March registered the steepest monthly decline in twelve years, while the unemployment rate increased.
April 29, 2015
Proposed Law May Change Outsourced Labor Benefits in Brazil
Proposed law in Brazil addresses what types of a business activity can be defined as eligible for outsourced labor.
April 10, 2015