Trade unions and employers agree to raise the minimum wage

According to the March economic forecast of the Bank of Estonia, in 2023 the average gross salary will be 1866 euros, in 2024 – 1979 euros and in 2025 – 2101 euros.Photo: Irina Shatilova

Trade unions, employers and the government reached an agreement in principle on Tuesday, according to which the minimum wage in Estonia will rise to 50% of the average wage by 2027.

The agreement provides that the minimum wage will increase in 2024 to 42.5% of the average salary, in 2025 to 45%, in 2026 to 47.5% and in 2027 to 50% of the average salary. rus.err.ee.

The specific amount of the minimum wage for the next year is agreed upon by the Central Union of Employers and the Central Union of Trade Unions at negotiations that take place annually in the fall, and subsequently approved by the government.

The head of the Central Union of Trade Unions, Jaan-Hendrik Toomel, explained that the same procedure will be carried out this autumn, despite the general agreement.

“What exactly the minimum wage will be next year will become clear in the autumn, but (thanks to the agreement) there is confidence that low wages will rise faster than average,” he said.

According to the March economic forecast of the Bank of Estonia, in 2023 the average gross salary will be 1866 euros, in 2024 – 1979 euros and in 2025 – 2101 euros.

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Source: https://www.dv.ee/ by www.dv.ee.

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