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Minimum wage to go up by over €14

SLOVAKIA’S minimum wage will increase by 4.2 percent next year. The cabinet passed the increase, proposed by the Labour Ministry, at its October 2 session in Košice, despite the fact that the tripartite did not agree on the final numbers.

SLOVAKIA’S minimum wage will increase by 4.2 percent next year. The cabinet passed the increase, proposed by the Labour Ministry, at its October 2 session in Košice, despite the fact that the tripartite did not agree on the final numbers.

As of 2014, the minimum gross monthly wage in Slovakia will be €352, compared to the current €337.7, which is an increase of €14.3, the TASR newswire reported.

The net value of the minimum wage is €304.84 per month, an increase of €12.36 over 2013.

The Labour Ministry decided on the increase independently of the social partners in the tripartite, which did not reach an agreement over the proposal. While employers insisted on not increasing the minimum wage at all, the Confederation of Labour Unions Associations (KOZ) proposed that it be increased so that its net value at least reaches the poverty level in Slovakia, TASR wrote.

The ministry argues that it based the 4.2-percent increase on the fact that the 2012 consumer price growth index reached 103.6 percent, and was repeatedly higher than the year-on-year increase of average wages (102.4 percent), which means that in 2012 real wages dropped by 1.2 percent, TASR wrote, quoting the ministry’s proposal.

Source: TASR

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

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