Bridgetown.
Excecutive Director of the Barbados Employers' Confederation (BEC) Tony Walcott, says the organization concluded 42 collective agreements in 2011, most of them with the Barbados Workers' Union.
Walcott told Trakker News the agreements dated back from 2008 and were settle at various rates ranging from zero to five percent.
He added that in 2011 even though there were 12 work stoppages in the private sector, they resulted in minimal industrial action.
Walcott said the BEC is in favour of a decrease in the Value added Tax in the Budget next month.
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