Genesis Kofana; 21/508
There is fear of a mass redundancy exercise, and stockpile of logs, by logging companies currently operating in the country, in protest of the increase in determined price for logs carried out by the government. Sources within the government have stated that certain logging companies have warned the government of likely actions if the government refuses to listen to their demand. Logging companies are petitioning the government on the likely actions they will take should the government increase the determined price from US$71 to the proposed new rate of US$78. The logging companies have stated that the increase of determined price, along with the increase in the minimum wage, have made operations in the country very expensive.
See: http://solomontimes.com/news.aspx?nwID=1818
Tags: Logging, Solomon Islands