1 result for tag: Nicaragua


Nicaragua – Increase in minimum wage for 2020

By Mario Novoa and Edgard Torres February 12, 2020 On February 6, 2020, Nicaraguan Ministry of Labor issued the Ministerial Agreement number ALTB-01-02-2020, which establishes that as of March 1, 2020, a new adjustment of 2.63% will be applied to the minimum wage applicable in Nicaragua. The National Minimum Wage Commission, formed by the Government of Nicaragua, the union sector, and the private-sector business agreed that said adjustment will apply to all workers in the public and private sector of Nicaragua, establishing that in cases where the salary needs to be stipulated based on production or performance standards, the units of measures ...