The economic crisis caused by the coronavirus draws a horizon of stagnation in salary increases in Spain and a greater distance in remuneration between managers and employees base. The pandemic also opens the door to a dual economy, with an extreme impact on some sectors (services, commerce or tourism) and good results for other types […]
Tag: labor force – wages and pensions
Pensions and salaries of civil servants rise 0.9% on January 1, while the SMI remains
Contributory pensions and civil servants’ salaries have risen 0.9% since January 1, while the minimum interprofessional salary (SMI) remains at 950 euros for 14 payments until an agreement is reached to revalue it in the framework of social dialogue between unions, employers and the Government, after Yolanda Daaz had been forced to give up the […]
The Portuguese Government approves raising the minimum wage to 665 euros
The Portuguese socialist government today approved a increase in the minimum wage to 665 euros, 30 more than the current value, which will take effect on January 1, 2021. The measure was approved by the Council of Ministers and is part of the Executive’s strategy to end the legislature, in 2023, with a minimum salary […]
Yolanda DÃaz raises the rise in the SMI at “just 9 euros”: “It would be worrying if companies cannot bear it”
Yolanda DÃaz met this morning with social agents at the Economic and Social Council prior to the negotiation that the Ministry of Labor will hold this afternoon with the same interlocutors to agree to an increase in the Minimum Interprofessional Salary (SMI) in 2021. In open opposition to the vice presidents Carmen Calvo and Nadia […]
The Government refuses to freeze the SMI and summons businessmen and unions to discuss the rise on Tuesday
The Government has decided to start the round of consultations next week prior to its decision on the update of the Interprofessional Minimum Wage (SMI). The Ministry of Labor has summoned the social agents next December 15 to present their proposal regarding the minimum amount that any worker should receive from 2021, a decision that […]
OECD warns that pandemic will further increase pressure on pensions
The economic and labor shock of the coronavirus crisis is increasing pressure on the pension financing, as the Organization for Economic Cooperation and Development (OECD) warned this Monday, recalling that they were already under stress due to underlying trends such as demographic aging. “Covid-19 has caused a strong disturbance in labor markets, with cascading effects […]
Treasury cuts extra pay by surprise to 75,000 pensioners
The extra pay received today by pensioners has come as an unpleasant surprise for 75,000 of them. His payroll from the Social Security Treasury has been cut by up to 400 euros due to the strict application of the embargo criteria of the Ministry of Finance, which It has started to run on the amount […]
EXPANSIÓN offers a free comprehensive guide to pensions
The economic newspaper EXPANSION will offer its readers for free next Saturday, November 28, Manual of Pensions and Private Plans 2020, an essential guide to ensure a good pension. The manual – prepared with the collaboration of the consulting firm Mercer and the sponsorship of CaixaBank- offers, in a practical way, the answers to all […]