The UGT confederation has launched a campaign for a minimum wage of €1000 a month. This target was discussed earlier this year with the CCOO confederation and the PSOE socialist party. The UGT has set the target for negotiations in collective agreements and also to achieve for the national minimum wage by 2020. The confederation argues that the figure is entirely justified with 3.5% economic growth and businesses now seeing profits and dividends at pre-crisis levels. At the same time average salaries are more than 5% below their 2009 level in real terms.
Unions target €1000 minimum wage
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The minimum wage is to be increased by 11.1% taking it to around 30 000 Serbian dinars a month (EUR 255). The unions had called for an increase of 24.5% to bring it in line with trends in the cost of living while the employers were looking at only 6%-10%. A deal couldn't be reached in tripartite dialogue and so the government acted unilaterally, while also lowering certain taxes on wages and benefits that employers have to pay. The minister of finance also announced a planned 5% increase for all public companies from 1 January 2020.