The Confederation of Trade Unions of the Slovak Republic (KOZ SR) justified its high claims by the need to reduce the gap between minimum wage and average wage (€721.40). It is also based on the fact that only 2% of employees receive minimum wage. However, employers judged that minimum wage was already increased enough. It was brought from €268.87 to €295.50 on January 1, 2009. With the value of the Slovakian crown compared with the euro in 2008 (the euro was adopted on January 1, 2009), employers say that minimum wage increased of 20%. Employers’ representatives also say that, in some sectors, employees’ wages are slugging, or increasing of only 1 or 2%. Therefore, the government’s decision didn’t get any positive reactions from employers, who say that such an increase during the economic crisis could lead to a new wave of mass layoffs and to halting Slovakian businesses’ competitiveness.
in some sectors, employees’ wages are slugging, or increasing of only 1 or 2%. Therefore, the government’s decision didn’t get any positive reactions from employers, who say that such an increase during the economic crisis could lead to a new wave of mass layoffs and to halting Slovakian businesses’ competitiveness.
Planet Labor, October 28, 2009, No. 090982 – www.planetlabor.com
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