The CEOE proposes raising the minimum wage by 3%, to 1,112.40 euros per month

The CEOE will propose to unions and the Government to raise the minimum interprofessional wage (SMI) by 3% by 2024, from the current 1,080 euros per fourteen payments to 1,112.

Oliver Thansan
Oliver Thansan
21 November 2023 Tuesday 15:22
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The CEOE proposes raising the minimum wage by 3%, to 1,112.40 euros per month

The CEOE will propose to unions and the Government to raise the minimum interprofessional wage (SMI) by 3% by 2024, from the current 1,080 euros per fourteen payments to 1,112.4 euros per month (15,573.6 euros per year), and apply another increase of 3% by 2025, which would place it at 1,145.77 euros per month at that time (16,040.78 euros per year).

The employers' association has addressed the increase in the SMI in its Board of Directors this Wednesday in view of the "imminent" call to social agents that the Ministry of Labor and Social Economy is going to make to address the update of the SMI, as has been advanced these days the second vice president and minister of the branch, Yolanda Díaz. "Business organizations consider this proposal appropriate to try to maintain a correlation between the evolution of the SMI and that of the rest of the salaries that are agreed upon within the framework of collective bargaining," defends the CEOE.

In any case, "the sine qua non of this proposal is the modification of the price review regulations in public sector contracting processes, to impact the increase in the SMI on contracts in execution," the statement notes.

The CEOE highlights that the 3% proposal is above the 2% that the Government applies for civil servants in 2024. The organization states that in the calculation it has taken into account factors such as inflation or national productivity, as stated in the Statute of Workers, and which is in line with what was agreed with CCOO and UGT in the V Agreement for Employment and Collective Bargaining (AENC).

On another point, companies reiterate their request for a 20% deduction regime applicable to the agricultural sector on the business quota for common contingencies.

The second vice president of the Government and Minister of Labor and Social Economy, Yolanda Díaz, announced this Tuesday that she would "immediately" call unions and employers to address an increase in the minimum wage. Díaz, upon taking office, pointed out that he will give continuity to the SMI Commission of Experts in this term, "with a renewed and broader mandate" and will ask it to also evaluate the consequences on equality and inequality that the rise may have. of the SMI.