• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Fenalco asks that Colombia's 2027 minimum wage rise no more than 9%

FinanceColombiaDiario del Sur35 s readAI summary
Image: Diario del Sur

Fenalco proposed that Colombia's minimum wage for 2027 rise no more than 9%, based on the inflation-plus-productivity formula. Its president, Jaime Alberto Cabal, made the proposal at the Asocajas congress in Cartagena. With the current base wage of $1,750,905, a 9% increase would mean $157,581 and leave the minimum at $1,908,486, excluding the $249,095 transport allowance. The CUT, CTC and CGT unions will seek 38.5%, which would take the base wage to $2,424,003.

In 35 seconds

  • Fenalco proposes a 9% cap for the 2027 minimum wage, calculated with inflation plus productivity.
  • Under that increase, the base wage would go from $1,750,905 to $1,908,486, excluding the $249,095 transport allowance.
  • The CUT, CTC and CGT unions will request 38.5%, which would take the minimum wage to $2,424,003.
Read the full story at Diario del Sur

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

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading