Nicaragua: Businessmen Question Minimum Wage

The Superior Council of Private Enterprise does not agree with the 10% wage increase being applied retroactively from March 1.

Tuesday, March 18, 2014

The minimum wage announced by the Government establishes, in addition to an average 10% increase, its retroactive application. If the retroactivity is maintained, the Superior Council of Private Enterprise (Cosep) will file an appeal.

"Jose Adam Aguerri, Cosep's Chairman said that the private sector "laments" not having been able to approve in consensus the adjustments, which it accepts, but which they firmly oppose being retroactive."

"The new wage hike will be implemented in two half yearly parts, with the first part from the first of March to 31 August, and the second part from September 1, to February 28, 2015."

More on this topic

Nicaragua: Changes to Calculation of Minimum Wage

March 2015

The private sector has rejected the methodology used by the government to establish the increase for this year and presented a proposal to make adjustments in the future.

From a statement issued by the Superior Council of Private Enterprise (COSEP):

The Superior Council of Private Enterprise (COSEP) in light of the unsuccessful negotiations in the National Minimum Wage Commission to reach a tripartite agreement and the political decision of the government through the Ministry of Labour (MITRAB), to approve the minimum wage unilaterally, which is in effect for all economic sectors of the country from March 1 this year, wishes to express the union position on this.

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%.

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.

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