Nicaragua: No Deal on Minimum Wage

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

Friday, March 14, 2014

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%.

Freddy Blandon, representative of the Superior Council of Private Enterprise, Cosep noted that "... the government must be very responsible with the decision it makes, and set minimum wages in line with the economic reality of the country."

Bayardo Arce, economic adviser to the president, told Elnuevodiario.com.ni that "in the state, we are now establishing a pattern, a salary adjustment ranging from 5% to 11%, and do not think the government will order an that is less than 5% or greater than 11%. "



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