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VARGA ISSUES ULTIMATUM ON MINIMUM WAGE DEAL

 

Finance Minister Mihály Varga said the government will decide on the minimum wage rise in 2019 at the end of the year if employers and unions fail to come to an agreement on the matter. The government is striving to help the sides reach an agreement, Varga said, adding that the negotiations are progressing “with difficulty”. A six-year agreement reached between the government, employers and unions late in 2016 specified minimum wage increases — paired with payroll tax cuts — for 2017 and 2018, but not for the years following. Recent talks between employers and unions have not produced a deal on the minimum wage rise for next year. Currently, the minimum wages for skilled and unskilled labourers are a monthly 180,500 forints and 138,000 forints, respectively.