Spain -Minimum wage increases with 3.3 euro -January 01, 2015

The government has finally announced an increase of the statutory minimum wage (SMI) with 0.5%. As of 1 January 2015 this will bring the minimum wage to the level of 648.6 euro. The minimum wage was frozen in 2012, increased with 0.6% in 2013 and again frozen in 2014. The trade unions have already stated in a reaction that the increase is far from what is necessary to keep pace with the purchase power that has been lost since the start of the crisis. According to UGT and CC.OO and increase with 12.5%, to the level of 725 euro, would be more appropriate.

Spanish: http://economia.elpais.com/economia/2014/12/23/actualidad ...

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.