Spike in Labor chief's net worth questioned

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Friday, May 30, 2014

MILITANT workers' group Kilusang Mayo Uno (KMU) on Friday questioned the sudden increase in the net worth of Labor Secretary Rosalinda Baldoz as shown in her Statement of Assets, Liabilities and Net Worth (SALN).

From only P2.99 million in 2012, the KMU said it has qualms on why Baldoz's net worth went up to P4.35 million in 2013 or higher by 45.7 percent.

"The increase in Baldoz’s wealth is not surprising, but is still revolting for workers. We have every reason to suspect that she was able to increase her net worth by aiding big capitalists increase their already huge profits," said KMU secretary general Roger Soluta in a statement.


"Increase in Baldoz's wealth may have come from big capitalists who benefit from the policies she implements," he further said.

The labor leader noted how Baldoz has been instrumental in helping businessmen in advancing their agenda even at the expense of workers.

These, KMU said, include the pressing down of wages through the government’s rejection of calls for a significant wage hike as well as implementation of meager wage adjustments; continuous legalization of contractual employment; allowing capitalists to illegally dismiss workers who are trying to form unions; and major labor disputes being resolved in favor of big capitalists.

"Like Noynoy Aquino, Baldoz has not done anything good for workers. Like (Benigno) Noynoy Aquino, she's all lies and optimistic projections. And like Noynoy Aquino, she deserves to be removed from her post," Soluta said.

Earlier this week, the 2013 SALNs of Cabinet members of the President Aquino were made public with Foreign Affairs Secretary Albert del Rosario again being the richest with a total net worth of P765,379,281 in 2013.

Education Secretary Armin Luistro, on the other hand, is considered the poorest Cabinet member with only P433,392 total net worth for 2013.

Baldoz was the third poorest Cabinet official of the Aquino administration with P4,345,406 total net worth. (HDT/Sunnex)

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