Spain raises minimum wage by 8% for 2023, making it €15,120 gross a year
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Loading... - Mateo Suarez
- 03 Feb 2023
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The Spanish government announced on Tuesday an 8% rise in the minimum wage for 2023, despite the opposition of employer groups, in a context of high inflation and a key election year.
The announcement by Prime Minister Pedro Sánchez comes just months before municipal polls in various regions and a general election which is due by the year’s end.
Before the announcement the minimum wage was at €1,000 (14 payments per year). The increase will be applied retroactively from 1 January.
‘We’re going to approve a new 8% increase in the minimum wage to reach €1,080,’ gross across 14 months, Sánchez told the Senate, Spain’s upper house of parliament.
Spain traditionally makes salary payments in 14 monthly payments per year, with the extra paychecks typically paid in July and December.
‘We are respecting our commitment’ to raise the minimum wage ‘to 60% of the average Spanish salary,’ he said.
Split across 12 months, that would equate to a gross payment of €1,260 (€15,120 per year).
Although the unions had been pushing for €1,100 over 14 months, they hailed the announcement.
‘There will be some 2.5 million beneficiaries and it will have a greater impact on women, young people, those with temporary contracts or working in agriculture or the service sectors,’ tweeted CCOO union boss Unai Sordo. Read More…
