Minimum wage set at €940 after six months of employment (updated)

The monthly minimum wage has been set at €940 and will be implemented at the start of the new year, Labour Minister Kyriacos Koushos announced.

The “historic” move came after Wednesday’s cabinet meeting, while Koushos explained that for the first six months of employment the wage will be at least €885 – later rising to the minimum threshold of €940. He said the delay in implementation is to give the economy time to prepare and adjust.

In praising the move, Koushos said that about 45,000 people are set to benefit from the implementation of the minimum wage.

Earlier on Wednesday, the minister presented his final proposal on the minimum wage to social partners as a final attempt to find common ground between the parties, explaining this effort was to reconcile the views but the final decision was up to the government.

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