After the rejection of the CEOE, the increase will almost certainly be approved again only with the support of the unions, as happened with the increase approved in September of last year.
The Spanish Government will meet again today with the employers’ association and the unions with the aim of being able to approve the increase in the minimum interprofessional salary (SMI) up to 1,000 euros gross per month in 2022, which will have retroactive effect from January 1, as soon as possible.
Behind the rejection of the CEOEthe increase will almost certainly be approved again only with the support of the unions, as happened with the increase approved in September of last year.
The CEOE executive committee unanimously rejected the Spanish government’s proposal on Tuesday. CEOE and Cepyme explained in a joint statement that the rise is made in an economic context of “uncertainty, in which pre-crisis business levels will not foreseeably be recovered until 2023, with growing pressure on company costs and a notable accumulated drop of productivity”.
A new rise in the SMI, they add, will contribute to “increasing labor costs and pressure on company margins, which (…) may lead to less economic dynamism in the future and less job creation.”
Source: Eitb
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