Colombian Business Association Concerned About Labor Reform and Its Impact on Employment

The President of the Colombian Business Association (ANDI), Bruce Mac Master, expressed concern about the potential impact of the labor reform on employment in the country. He stated that the reform should create conditions to reduce informality and increase employment opportunities, but he feels that it is not contained in the reform at this time.

Mac Master believes that the initiative could affect small and large companies, including those in the popular economy sector, with the new conditions. According to the businessman, potential changes could increase costs for employers and lead to more informal employment.

Colombia’s government presented a labor reform to Congress this week aimed at reducing working hours and boosting overtime pay. However, critics argue that the measures could hurt job creation.