Bancolombia proposes a 2027 minimum wage increase of between 8% and 9%

FinanceColombiaEl DiarioNov 2, 2026, 3:30 PMAI summary

Bancolombia president Juan Carlos Mora considered a minimum wage increase for 2027 of between 8% and 9% reasonable, calculated on an annual inflation rate of 6.29% as of September 2026 and estimated productivity of 1.5 to 2 points. Fenalco agrees the increase should not exceed 9%, while union confederations would bring a request for 38.5%. Formal negotiations will take place between late November and December.

In 35 seconds

Mora proposes an increase of 8% to 9%, based on 6.29% inflation and productivity of 1.5 to 2 points.
Under those percentages, the base wage would rise from $1,750,905 to between $1,890,977 and $1,908,486, excluding transport allowance.
Fenalco says the increase should not exceed 9%, while CUT, CTC and CGT would seek 38.5%.

Read the full story at El Diario

IASummary generated by artificial intelligence from a story by El Diario. It may contain errors: the original source prevails.

salario mínimo
Bancolombia
Fenalco
CUT
DANE

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Bancolombia proposes a 2027 minimum wage increase of between 8% and 9%

In 35 seconds

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