Honduras: No Agreement on Minimum Wage

Labor leaders and the private sector failed to agree on setting minimum wages for 2011.

Thursday, February 10, 2011

In the absence of an agreement, President Porfirio Lobo will promote a decree setting the salary.

After six negotiating sessions which began last December, the proposals submitted by the parties were not accepted.

"The working class stuck to its claim for an increase of 22%, increasing minimum wage from $ 311.5 to $ 379.10 per month. ... the private sector proposed to fix the salary for a period five years and regionalize the percentage of increases."

More on this topic

Nicaragua: 8.25% Rise in Minimum Wage

February 2017

Businesses will have to apply an initial increase of 4,125% from 1 March 2017 and a second increase, of the same amount, on September 1.

The agreement was approved with the consensus of the private sector, trade unions and government.  The decision to establish the increase at 8.25% came after the business sector  proposed an adjustment to 7.63%, and unions, between 9% and 10%.

El Salvador: Controversial wage Increase

December 2016

The approved increase to the minimum wage, granted without the support of the business sector, will come into effect in January 2017.

The change to the minimum wage approved by the government includes unions of public institutions that do not receive the minimum wage.

Nicaragua: No Deal on Minimum Wage

March 2014

The Ministry of Labor will define the wage adjustment in the absence of an agreement between the private sector and trade unions.

In the last meeting on 13 March the parties were not able to reach an agreement. The private company proposed an increase of 9%, while unions demanded an adjustment of between 10% and 14%.

Costa Rica Discusses Changes in Minimum Salary Model

June 2010

The business sector agrees with unions in the need to modify the current scheme, but differ in how to implement it.

Unions want changes “that recognize past inflation and at least half the expected inflation for the current year”, said Mauricio Castro, director of the National Association of Public Employees.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Blue Marlin Beach Resort - Belize

Diving, Fishing, Snorkeling and relaxation resort in southern Belize. Situated on the island of isla South Water Caye the Blue Marlin offers accommodations, meals, all inclusive packages.
The resort is situated 14 miles East-South-East of...

Stock Indexes

(Aug 30)
Dow Jones
-0.07%
S&P 500
0.14%
Nasdaq
0.38%

Commodities

(Aug 30)
Brent Crude Oil
51.370
Coffee "C"
127.05
Gold
1,310
Silver
17.435