Taking advantage of the troika cuts in Greece and freezing the increase this year in that country due to the pandemic – in the form of Spain and Estonia – Portugal has overtaken Greece in the list of European countries where the minimum wage is legally fixed.
The ranking presented in the latest report by the European Foundation for the Improvement of Living and Working Conditions (Eurofound), Quoted from DVIt shows that the Portuguese minimum wage, which rose by 30 euros in 2021, to 665 euros per month (776 euros, as of 14 months), now ranks 11th in a group of 22 countries.
At the top of this list are Luxembourg (€2,202), United Kingdom (1903€), Ireland (1,724€), Netherlands (1,685€), Belgium (1626€), Germany (1610€), France . (1555€), Slovenia (1110€), Spain (1108€) and Malta (785€).
In countries such as Austria, Denmark, Italy, Finland, Sweden and Norway, minimum wage levels are determined through collective bargaining.
In percentage terms, the increase applied this year in Portugal (4.7%) is the seventh largest. The increases in Eastern European countries, where Latvia advanced by a large margin, stand out, with a growth of 16.3% compared to the value exercised in 2020.
Compensation until July 9 and new increase in 2022
The Portuguese government already admitted an increase of about 6% At the national minimum wage in 2022, it is equivalent to about 40 euros, which would change the current value of 665 euros to 705 euros. It is estimated that a world with more than 800,000 people, about one-fifth of the employees, receive the minimum wage in Portugal.
As announced in May by Economy Minister Pedro Sisa Vieira, the state will do so Pay 84.5 euros to companies for each worker. Who was receiving minimum wage on December 31, 2020 and is still on staff. Based on calculations, it gives about 84% of the increase in TSU fees resulting from the increase in the national minimum wage in 2021. Companies can Request to pay this compensation by July 9.
William Shakespeare is a journalist and feature writer specialising in culture, entertainment, history, and current affairs. With a keen eye for storytelling and analysis, he produces informative articles that help readers understand the people, ideas, and events influencing modern life.
