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Nicaragua Minimum Wage Up 9%

The union and Sandinista deputy Luis Barbosa; COSEP president, Jose Adan Aguerri; Sandinista legislator and unionist Gustavo Porras; Labor Minister, Alba Luz Torres, Sandinista union and Roberto Gonzalez held the tripartite agreement. PRESS / J. TORRES
The union and Sandinista legislator,Luis Barbosa; COSEP president, Jose Adan Aguerri; Sandinista legislator and unionist Gustavo Porras; Labor Minister, Alba Luz Torres, Sandinista union and Roberto Gonzalez held the tripartite agreement. Photo J Torres / La Prensa

TODAY NICARAGUA – After two years of not agreeing, the morning of Thursday, January 21, the Government, employers and trade union representatives agreed to a 9% increase in the minimum wage of workers in eight sectors of the economy and 8% for micro, small and medium enterprises (SMEs).

Through a tripartite agreement an adjustment to the minimum wages in all sectors was established at 9% , and 8% for SMEs.

The first lady and Communication Secretary of the Government, Rosario Murillo, had already formalized the increase almost an hour before the signing.

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“… The adjustment to the minimum wage will be made in two parts, the first from March 1 and the second from September 1, ” said the notice.

Source: La Prensa

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