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Minimum wage to increase to €295.50 per month as of next year

From the beginning of next year, the minimum wage in Slovakia will increase from the current Sk8,100 (€268.9) to Sk8,902 (€295.5), the Cabinet decided on October 15.

From the beginning of next year, the minimum wage in Slovakia will increase from the current Sk8,100 (€268.9) to Sk8,902 (€295.5), the Cabinet decided on October 15.

The lowest hourly wage should thus grow from the current Sk46.60 (€1.547) to Sk51.15 (€1.698).

According to the ministry, the proposed sum is a compromise between proposals from employers' representatives and the original ministry proposal. During tripartite talks, the Slovak Trade Unions Confederation proposed that the minimum wage be raised to €300 (Sk9,040), while employers proposed a minimum wage equalling Sk8,690 (€288.5), while the Labour Ministry originally wanted the minimum wage to be raised to Sk9,000 (€298.80). SITA

Compiled by Zuzana Vilikovská from press reports
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