Restrictions will aggravate crisis in labor market
The businesses had planned to resume their activity at the end of the quarantine decreed by the authorities between January 4 and 14. However, the gradual reopening process announced last Tuesday will mean that many businesses will have to remain closed or operate with limitations.
This, according to several employers and specialists in the labor market consulted, is going to translate into an increase in the suspension or termination of employment contracts and the closure of businesses.
One of the most affected sectors will be tourism, since the beaches would not reopen until March 15, according to the schedule presented by the authorities. Ernesto Orillac, president of the National Chamber of Tourism, said that they are asking the authorities to reconsider the measure, since it can produce a domino effect of business closures and job losses.
Nadkyi Duque, president of the Panamanian Association of Shopping Centers, said that in the last months of 2020 the situation had been improving and there were expectations to reactivate more contracts in January, something that will not happen.
For his part, the president of the Panamanian Association of Restaurants and Related, Domingo de Obaldia, calculated that after this pandemic, some 2,400 restaurants will have closed their doors permanently.