In Venezuela, 5 years of severance pay now buys a coffee - News Summed Up

In Venezuela, 5 years of severance pay now buys a coffee


It is the 22nd such readjustment by Maduro, the self- declared "workers' president" who took office in 2013 following the death of Hugo Chavez. By AFPMore by this AuthorCARACAS,When Yolanda Abreu got her check for severance pay after five years working as a cardiologist, she let out a laugh of sheer disbelief: it was barely enough for a cup of coffee. But her severance pay was decimated by the country's chronic hyperinflation and the accelerated collapse of the bolivar. It is the 22nd such readjustment by Maduro, the self- declared "workers' president" who took office in 2013 following the death of Hugo Chavez. When Maduro took over in 2013, it was 32.4 per cent of the monthly income.


Source: Daily Nation May 01, 2018 08:03 UTC



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