Costa Rica: Private Unions Demand 3.03% Increase

The unions proposed to the National Wages Council an increase of 3.03%, plus an extra 20% over the next four years for minimorum minimum wages.

Tuesday, June 11, 2013

"This 3.03% corresponds to 2.47% for projected inflation and 0.56% for an outstanding debt. In addition, we propose that the minimorum minimum wage should be increased to 20% over four years until the percentage is reached, therefore in July there would be 8.03% for those workers, 3.03% of the normal rise 5% for the outstanding amount" said Edgar Morales, a member of the Union of Public and Private Sector (SITEPP).

"Minimorum wages are not enough to buy anything, for these people only 60% actually goes to buying food, the most basic sort of course, rice, beans and lard. They are left with 40% for housing, utility payments, transportation, their children's studies, among many other things, that is to say, those workers live biting their nails," said Morales.

At the second meeting, on Monday, employers represented by the Costa Rican Union of Chambers and Associations of Private Enterprises (Uccaep) will present their proposal, then the Government will define the settings where the standard will be effective from July 1 next to 31 December of the current year








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Private Sector Wages Rise by 3.78% Costa Rica

October 2013

The approved increase applies to the first half of 2014.

"The amount approved by the National Wages Council factors in projected inflation of 2.47%, 0.77% of cumulative inflation for the first half of this year and the adjustment for GDP growth in the last five years (0.54%)," says Patricia Recio in Nacion.com.

Proposed Salary Increase for Private Sector in Costa Rica

October 2013

The business sector has proposed a raise between 3.24 and 3.60% in the workers´ wage for the first half of 2014.

The first proposal was presented by the National Chamber of Agriculture and Agribusiness, who believes that the increase should be 3.24%.

Nacion.com reports: "...

Costa Rica: Employers Offer Pay Rise of 3.62%

October 2012

Costa Rican business chambers have proposed to the National Wages Council a 3.62% increase in wages for the first half of 2013.

Elfinancierocr.com reports that "The Costa Rican Union of Chambers and Associations of Private Business Sectors (UCCAEP) proposed to the National Wages Council an increase of 3.62% for the private sector minimum wage to be effective for the first half of 2013. "

Costa Rica: 3% Increase for Private Sector Wages

June 2012

Government representatives and workers approved the salary increase in the National Wages Council, to the dissent of the employers' delegates.

Starting on the first of July, private sector employees who receive the minimum wage will get an increase of 3%.

Employer sector representatives did not support the increase, which differs from their proposal of 2.47%.

 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


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Nov 30)
Brent Crude Oil
47.36
Coffee "C"
123.70
Gold
1,777
Silver
22.265