When unions and employers could not reach an agreement, the president Gustavo Petro was forced to make the increase by decree.
On the afternoon of Friday, December 26, Labor Minister Gloria Inés Ramírez announced an increase in employment at a press conference. It remains at 12%, or $1,300,000.
(Must read: Minimum wage 2024: increase in transport assistance and who gets it).
On the other hand, transportation aid will increase by around 15 percent, or 162 thousand dollars.
It should be noted that several bilateral meetings were held on 13 and 14 December, and then on 15 December the first legal deadline to reach an agreement expired. This morning unions lowered their target from 18 percent to 12 percent; This figure is a figure finally announced by the Government.
(Also: Minimum wage 2024: These are the Colombians who won’t get the increase).
Follow the agreement on the minimum wage for 2024 here, minute by minute.
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