No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsBusinessPrivate-sector employers offer 0.94 percent wage increase for second half of 2015

Private-sector employers offer 0.94 percent wage increase for second half of 2015

Business leaders on Monday filed two salary increase proposals for private-sector employees for the second half of this year. Employers submitted to the Labor Ministry’s National Wages Council a 0.94 percent increase proposal, which is lower than figures requested by unions last week. Union leaders on June 1 submitted proposals ranging from 1.46 to 5 percent.

Luis Mesalles, director of the Union of Private-Sector Chambers and Associations (UCCAEP), said the employer proposal is based on projected inflation for the second half of this year plus a compensation for variations registered in inflation during the same period in 2014.

“Increases in unemployment rates and the low level of economic activity in recent months prompted us to avoid measures that could result in greater job loss,” Mesalles said.

The National Agriculture and Agro-Industry Chamber submitted a second proposal asking for the suspension of all increases for the next six months, as a result “of the tragic situation” the sector is facing.

Temporary Labor Minister Alfredo Hasbum on June 10 will present the government’s proposal, and then representatives from the three sectors will vote on a final figure that will take effect on July 1.

The Wages Council last year approved a 2.01 percent increase that applied for the nearly one million private-sector workers, and a 2.5 percent increase for domestic workers.

Trending Now

Latin America Doubles Success Shows the Best Path to Grand Slam Tennis

In men’s tennis, Latin America’s clearest route to the sport’s biggest stages isn’t always singles. It’s doubles. Over the past two seasons, the region...

What to Expect at Costa Rica’s El Tope Parade

Thousands of riders and spectators gather today for El Tope Nacional, marking the Day of the Horseman in Costa Rica. This year, the event...

Panama Targets Tankers in U.S. Sanctions Crackdown on Venezuelan Oil

Panama's government plans to discipline several oil tankers flying its flag after U.S. authorities targeted them for breaking rules. Foreign Minister Javier Martínez-Acha made...

Kyrgios Claims Victory Over Sabalenka in Dubai’s Modern Take on Tennis Showdown

In a spectacle that blended high-level tennis with plenty of showmanship, Australian star Nick Kyrgios emerged victorious against women's world number one Aryna Sabalenka...

El Salvador Advances Chivo Wallet Sale Despite Bukele’s Bitcoin Buying Pledge

The International Monetary Fund has revealed that El Salvador is advancing talks to sell its state-owned Chivo digital wallet, a move that signals shifts...

Panama Mayor Orders Demolition of Chinese Monument Near Canal

A Chinese monument at the entrance to the Panama Canal was knocked down late Saturday on orders from the municipal government of Arraiján, in...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica