Slovakia’s minimum wage to increase to €317 per month in January 2011

Slovakia’s minimum wage is expected to go up by almost €10 a month as of January 2011 and reach €317, states a proposal released by the Ministry of Labour, Social Affairs and Family on August 31, the TASR newswire reported.

Slovakia’s minimum wage is expected to go up by almost €10 a month as of January 2011 and reach €317, states a proposal released by the Ministry of Labour, Social Affairs and Family on August 31, the TASR newswire reported.

The corresponding hourly wage will be set at €1.822, TASR wrote, quoting the ministry proposal. The ministry used the year-on-year growth of the nominal monthly wage in 2009, which according to the Statistics Office went up 3 percent, to calculate the new minimum wage.

The ministry is required to determine a new minimum wage using a formula set by law as the tripartite council made up of representatives of labour, employers and the government was unable to reach an agreement in its meeting held in early August. A decision had to be made no later than by October 20 to be valid in 2011.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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