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Oversight Board Reaches Deal on Fiscal Plan … Rosselló Won’t Give Christmas Bonuses

SAN JUAN  — Puerto Rico and its federally appointed oversight board have reached a deal to avoid litigation over much-needed economic overhauls in the bankrupt U.S. commonwealth.

Governor Ricardo Rosselló and the island’s legislature agreed to repeal protections that make it difficult for private-sector employers to fire workers at will, in hopes of spurring on-island hiring, Rossello said in a statement Sunday night.

In return, the board will not push to eliminate Christmas bonuses or reduce sick days, the statement said.

In a separate statement Monday morning, the board said it planned to revise accordingly the island’s fiscal turnaround blueprint, which Rosselló had opposed, avoiding litigation over its implementation.

(REUTERS)

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John McCarthy

John McCarthy

John McCarthy has been reporting on the U.S. Virgin Islands since 1989. He is originally from Detroit, Michigan.

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