Unions, Employers Agree to Minimum Wage Rise ({{commentsTotal}})

Business
Business

Trade union and employers' representatives have reached an agreement whereby the current minimum monthly salary of 320 euros will be raised by 35 euros annually in the next two years.

The agreement, which will be signed at midday today, is rare for the fact that involves a two-year period.

In that time, the workforce's most vulnerable members will see their incomes rise by nearly a quarter.

In 2014, the minimum monthly salary will be 355 euros, an hourly wage of 2.13 euros. In 2015, those figures will rise to 390 euros and 2.34 euros.

To take effect, the agreement must be endorsed by the government. The two parties last agreed to raise the minimum wage in December, a decision that was backed by the government.



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