Unions and employers fail to reach agreement on minimum wage

NSCAG News | on: Monday, 19 January 2015

In accordance with Nicaragua's tripartite agreement, negotiations began this month between the unions, government and private sector on the minimum wage. Unions in the agricultural sector are asking for a 20% rise, while the National Workers Front, FNT, is insisting that the Minimum Wage Law is respected and says that anything below 10.93% is unacceptable. Both unions and the private sector want changes to the Minimum Wage Law, but for different reasons. The private sector wants the minimum wage to be negotiated to cover a period of two years, and the unions want a reduction in the 60 days that the law gives them to reach an agreement. Negotiations are set to continue over the coming weeks.

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