Guatemala: SMEs Complain for Increase in Minimum Wage

SME Federation argues the increase will force to consider payroll adjustments.

Thursday, January 13, 2011

The Federation of Small and Medium Enterprises (FEPYME) through a paid advertisement in the local press asked President Alvaro Colom to reconsider his decision, "so to set minimum wages in accordance to technical criteria and in accordance with the economic situation."

"Alejandro Ceballos, (executive director of the Committee on Textiles), asked the government to analyze the recent increase technically," published Prensalibre.com.

More on this topic

El Salvador: SMEs Reject Minimum Wage Increase

April 2013

The 10% increase projected by the government will add to the increased taxes and extortion payments that they are required to pay to criminal gangs.

"... The National Council of Small Business of El Salvador (CONAPES) is urging the deputies of the Legislative Assembly to take into account the financial difficulties which the sector has faced in the last two years," noted an article in Elsalvador.com.

MSMEs: Adjustments to Minimum Wage

February 2012

A rate of 10% per year was agreed for MSMEs in Nicaragua.

The National Minimum Wage Commission has decided that there will be a semi-annual adjustment of 118 Cordobas ($5.16) to the wages of workers in micro, small and medium businesses, according to Laprensa.com.ni review.

Minimum Wages Up 13% in Nicaragua

February 2011

As of February 28 an increase of 7% will be put in place, and another 6% during the second half of the year.

The increase was defined by a tripartite commission composed of government, unions and the private sector and it applies to the eight sectors of the economy.

"The National Minimum Wage Commission ratified the 8% salary increase for micro, small and medium enterprises (MSME)", states the article in Laprensa.com.ni.

Guatemala: Minimum Wage Increase Would Generate Layoffs

January 2011

The Costume Commission (Vestex) argues that the wage increase will generate 18.000 layoffs in the textile industry.

This was stated by Alejandro Ceballos, Director of Vestex, reacting to the announcement of a14.88% increase in the minimum wage for the textile sector.

The businessman ensures that there are no strategies to counter the situation, which may influence foreign companies to no longer request the same amount of orders." 'President (Alvaro Colom) took a political and electoral decision which will generate unemployment and he knows it'" he told Sigloxxi.com.

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