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To maintain their profit levels, financial institutions laid off nearly 2,000 workers this month.
Chile's Confederation of Banking and Financial Sector Unions (CSBF) on Friday delivered a letter to the Banks and Financial Institutions Association (ABIF) President Jose Mena to express its rejection of recent massive layoffs.
The latest report from the National Institute of Statistics (INE) noted that the unemployment rate was 10.8 percent at the end of November 2020.
In 2020, tallies of employed people in the commerce sector dropped by -11.3 percent while a decrease was also experienced in the accommodation and food services (-41.5 percent) and the construction (-23.0 percent) sectors.
Likewise, informal employment decreased by 17.2 percent, affecting both women (-26.0 percent) and men (-10.1 percent).