Ecuador: Minimum Monthly Salary set for $375 a month in 2017

The amount was set yesterday in consensus between workers and employers and represents $ 9 more than the current.

The basic salary in Ecuador for 2017 will be $ 375, equivalent to an increase of $ 9 to the current amount ($ 366). This was announced yesterday by the Minister of Labor, Leonardo Barrezueta.

“We reached a historic agreement between workers and employers,” he said. To reach this agreement, the National Council of Labor and Wages held two meetings last week, with representatives of workers and employers. However, no agreement was reached.

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The afternoon of yesterday resumed the negotiations in the facilities of the Ministry, where finally they reached consensus. If this agreement were not reached, the negotiations would have ended and the Government would have been responsible for fixing the increase.