Labor postpones a gathering on minimal wage to achieve time in its negotiation with the Treasury | Economy | EUROtoday

The Ministry of Labor has knowledgeable the social brokers that it’s going to not meet them this Friday to proceed negotiating the rise within the minimal wage, as deliberate. Yolanda Díaz’s division postpones the assembly, which had not but been formally known as, to achieve time in its negotiations with the Ministry of Finance. Labor is attempting to persuade the division of María Jesús Montero to open itself to one of many situations that the employers set to help the rise: that the rise has an impression on public contracts in pressure, in order that employers would see the blow of this enhance in labor prices lessened.

Díaz referred to those conversations this Thursday, when requested about it by the media. “We are working with the Treasury, not on the law.” [de desindexación]in an indexing proposal. And consider me, the Minister of Finance and I are engaged on that formulation,” indicated the second vice president and Minister of Labor. From the ministry led by Montero they confirm that the meetings are taking place and that an appropriate formula is being sought, without going into more details. Like Díaz, they indicate that the chosen path would not involve a change in the law.

The Treasury had been rejecting this possibility every year, since it is a recurring request from employers. At the same time, Labor positions itself on the side of the employers in this conversation, as do the unions, but the rejection of the portfolio that manages the accounts has been closing this possibility.

The ministry’s proposal to social agents is to raise the minimum wage by 3.1%, to 1,221 euros per month in 2026, and maintain it without taxation. Díaz’s department established this position after the Treasury confirmed that it intends to repeat the formula of previous years. It proposes a deduction for those who are in this salary level, so that in practice the SMI is exempt from taxation

“The Labor proposal is agreed upon with the Treasury; it’s a Government proposal to exempt the ensuing quantity from taxation [1.221 euros mensuales]. And tips on how to perform this reduction, exemption or acceptable tax determine is one thing that we go away to the Ministry of Finance, however essentially the most regular factor is that it continues to be proposed in the identical phrases as in earlier years,” stated the Secretary of State for Labor, Joaquín Pérez Rey, after the final assembly with the social brokers.

The employers’ associations set one other situation for agreeing to a rise: that the laws on the absorption of bonuses will not be touched, in order that corporations can proceed assuming the rise within the SMI with the elimination of dietary supplements. This situation is contradictory to the place of the unions, which have been indicating that with out this transformation (to which Labor dedicated in January 2025) they won’t help this enhance. The ministry trusts that this debate won’t cloud a doable settlement on the rise, because the absorption of bonuses could be a part of one other decree.