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Minimum Wage to Go Up to €317 Per Month as of January 2011
Tuesday 31 August 2010 Zoom in | Print page
Bratislava, August 31 (TASR) - The minimum wage is expected to go up by almost €10 a month as of January 2011 and reach €317, reads a Labour, Social Affairs and Family Ministry proposal released on Tuesday.
The hourly wage was set at €1.822. Used in the calculation was the year-on-year growth of the nominal monthly wage in 2009, which according to the Statistics Office went up 3 percent.
The ministry had to determine the new minimum wage using the formula set by law as the tripartite (labour, employers and government) were unable to reach any agreement in their session held in early August. Hence the Government adhered to the extant formula. A decision has to be made by October 20 in order to be valid in 2011.
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