Minimum Interprofessional Wage News Today

The Ministry of Labour and Social Economy and the CCOO and UGT unions reached an agreement on Friday to increase the Minimum Interprofessional Wage (SMI) for 2024 by 5%. This figure represents an increase of 54 euro per month more in 14 payments, that is, a total of 756 euro per year. The representative of

The Government, the unions and the employers have already begun to outline their positions regarding the negotiation to raise the Minimum Interprofessional Wage (SMI) that the self-employed and companies will have to pay their employees for 2024, expected to be implemented in January. Following the proposal from the business sector last week to raise the

The Spanish Confederation of Business Organisations (CEOE) would accept an increase in the Minimum Interprofessional Salary (SMI) of 3% annually for 2024 and 2025, until reaching 1,145.77 euro per month. According to the employers’ association, this increase complies with what was agreed with the unions and is more than what they are going to raise

Last week, the PSOE and Sumar political coalition presented details of their agreement if they are successful in forming a government led by Pedro Sánchez, one point agreed being the reduction in the working week to 37.5 hours per week, a goal that would be achieved in 2025 after being lowered to 38.5 hours per

The total number of people employed in the Spanish agricultural sector at the end of the first quarter was 748,200, compared to 827,700 in the first quarter

The CEOE employers' association has detected that "unfortunately, a significant destruction of the business fabric is taking place". This is a deterioration

This new increase brings the minimum wage to €1,080 gross per month over 14 months. But government support for inflation is limited.