Basic salary in Nicaragua goes up by 12.5%

Business owners, unions and the government reached an agreement to increase the basic salary of urban workers in most sectors by 12.5% and by 13% for farm workers.

Thursday, March 15, 2012

Though he had previously announced the business association he represents would not participate in a meeting scheduled for today, Jose Adan Aguerri, president of the Higher Council of Private Enteprise (COSEP in Spanish), came back to the negotiating table in the last moment, what allowed all parts to make a deal.

The employers’ original proposal was to increase basic salaries from 9% to 12%. “It’s what they (businessmen) can give,” Aguerri had said earlier.



More on this topic

Panama: No Agreement on Minimum Wage

December 2013

The Government is relying on a consensus between the parties, but private enterprise and workers have very different proposals.

Although he did not specify the amount, Gabriel Diez, president of Conep said that "the business sector's proposal achieves the objective of establishing the highest minimum wage in the Latin American region."

Nicaragua: Minimum Wage Adjustment Every Three Years

August 2013

The proposal by the business sector, which includes negotiating and approving wage agreements every three years, aims to stimulate investment and create more stability.

The initiative would be presented to the Government and the trade unions by the Superior Council of Private Enterprise (Cosep).

Minimum Wage in Nicaragua to be Ratified

August 2011

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 agreement signed last February established a minimum wage increase of 13% to be applied in two stages, on Feb. 16 and on Aug. 16.

Nicaraguan Minimum Wage Rises 6%

August 2010

The 6% increase will apply from next Monday 16 August to both the public and private sectors.

In February the Nicaraguan government, businesses and unions agreed a total increase of 12% for 2010, to be applied as two half-yearly 6% adjustments.

Union leaders sought a larger rise in this second half of the year but in the end, "they signed the document, laying aside the proposal that the minimum wage should increase in line with the basic shopping basket," reports Laprensa.com.ni.

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