El Salvador: Salary increase being discussed
Companies, workers and the government are discussing a new salary increase for the private sector; the initial proposal is for a 10% increase starting January 2009.
Thursday, November 27, 2008
Sources close tot he Minimum Salary Superior Council who asked to remain anonimous indicated that the debate is already focused on those figures and terms, but that they are waiting for the Government representatives, and private workers unions to give the last word after internal consultations.
The increase approved by the National Minimum Wage Council will be implemented in three stages over a period of 18 months after publication in the Official Journal.
Representatives of private enterprise, government and workers will meet at the National Minimum Wage Commission, scheduled for this week, to ratify a 6% increase starting from 16 August.
The president of the Chamber of Commerce and Industry of Panama has called for an increase in the minimum wages and for productivity to be included in the formula that determines it.
Increases in the minimum wage effective for the next two years range from 5 to 7%.
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