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July 31, 2021
BUSINESS

Gov’t negotiating with IMF to raise minimum wage to RON 700

The Government is negotiating with the International Monetary Fund a proposal to raise the gross minimum wage from RON 670 to 700, arguing such a raise is justified, Finance Minister Gheorghe Ialomitianu stated on Friday, Mediafax reports. He added that the topic would also be discussed with representatives of the employers’ federations. The “Cartel ALFA” National Trade Union Confederation claims in turn, in an open letter addressed to the prime-minister, remitted yesterday to the press, that the Government’s intention to raise the minimum wage to RON 700 is a violation of the very idea of a “minimum wage”, which should, in theory, cover the employee’s daily expenses and subsistence needs. Trade unionists argue that a realistic value of the minimum wage, based on an estimate of the minimum expense basket, should amount to RON 1,100.

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