Spain: employers accept the minimum wage increase if postponed to 2010

The leader of the employers' confederation CEOE accepted the principle of the gradual increase of the minimum interprofessional wage (SMI) promised by José Luis Rodriguez Zapatero, but doesn't want it to start now because of the uncertain economic situation in the country. (Ref. 080343)
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Following the electoral program of the newly-reelected predient Zapatero, the SMI should increase of 30%, going from €600 to €800 by 2012. The president of the employers’ confederation CEOE, Gerardo Diáz Ferrán, acknowledged the obvious need to raise minimum wage, but nonetheless reasserted that “only convincts get €600.” He also insisted upon the fact that the current economic uncertainty is not very favorable to this increase, which could be “a disaster for businesses”. He thinks that the cri

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