Economy May 3, 2017 | 2:56 pm

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Labor Ministry announces a 20% minimum wage hike

J.R. Fadul. File

Sano Domingo.- Labor minister José Ramón Fadul on Wed. announced a 20% increase on the minimum wage, to be divided into two parts: 13% to take effect this month and the remaining 7% starting November.

The National Wages Committee had approved the 20% salary increase at the end of March, but management had challenged the decision taken during the tripartite negotiation.

Prior to the talks the Labor Minister had authorized a definitive increase for the workers.

Starting in May the approved increase takes salaries in small companies to RD$8,862.59; medium-sized to RD$10,000, and RD$14,546.49 for large ones.

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