Overview
- CEOE and Cepyme agreed to propose a 1.5% increase to Spain’s interprofessional minimum wage after an extraordinary Executive Committee meeting on Tuesday.
- The proposal would set the SMI at €16,824 gross per year, equivalent to €1,202 gross per month in 14 payments, and it would be subject to income tax.
- Employers say the percentage mirrors the pay rise recently agreed for civil servants by the Government and unions.
- The change would raise the lowest full-time monthly gross pay by €18, moving from €1,184 to €1,202.
- News reports said the move pre‑empted Labor Minister Yolanda Díaz and highlighted strained relations, while unions are seeking a 7.5% rise to €1,273.