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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.

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

“… 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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