Deal sets private-sector raises at 3 percent
A dispute over government-regulated, private-sector wage hikes was settled Monday night by a majority vote in the National Wage Council that set mandatory biannual raises at 3 percent. Three government representatives and two labor members approved the agreement, while representatives for employers voted against it.
The percentage was recommended by the government last Thursday, and is higher than the 2.47 percent suggested by employers. The difference, 0.53 percent, adjusted for inflation for the last three months of 2011, as the last wake-hike rate was set in October.
The agreement also included a commitment to boost the rate an additional 0.56 percent in 2013 and 0.37 percent in 2014, as requested by unions.
This is the second wage hike to adjust for inflation, which is calculated by Costa Rica’s Central Bank.
You may be interested
Panama says it will enable ‘abandoned’ hospital for Covid-19AFP - September 22, 2020
The Panamanian government said Monday it will enable an unfinished hospital to care for Covid-19 patients. The hospital's construction, the…
Costa Rica coronavirus updates for Monday, September 21Alejandro Zúñiga - September 21, 2020
Costa Rica announced 59 new coronavirus-related deaths since Friday for a total of 745, according to official data released Monday…
President of Legislative Assembly doesn’t see viability of Costa Rica’s IMF proposalAlejandro Zúñiga - September 21, 2020
The president of Costa Rica's Legislative Assembly expressed his displeasure with the Presidency's fiscal measures that are intended to help…